WED 8/12: PRI – SELLING (ALL) P/L: -$464.85 -4.6%

James F. Taulman
James F. Taulman
James had served as Editor-in-Chief of the first independently licensed website to offer stock reports and services based on the CAN SLIM® investment system. •

3:34 PM – Selling all my PRI shares as we head into today’s close. After Monday’s break below the 10 DMA, the stock has continued to exhibit bearish technical action, and the loss is now approaching my acceptable threshold. Rather than allow additional weakness to develop, I’m exiting the position and protecting capital.

James’ Trader’s Tip: Know Your Loss Threshold

  • A technical violation such as a break below the 10 DMA is an early warning that momentum may be deteriorating.

  • When weakness continues and the loss begins approaching your predetermined limit, discipline becomes more important than hope.

  • Taking a manageable loss protects both capital and flexibility for the next stronger opportunity.

https://buyingbreakouts.com/wed-8-12-pri-selling-all-p-l-464-85-4-6/

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