Two Lousy Stop-Outs
There’s probably not a lot of value in this post, since it’s primarily just me bitching, but here goes: in each of the past two days, I’ve had positions stopped out at a loss due to an earnings report that was interpreted positively (at first), only to be followed by the stock IMMEDIATELY selling off. This is one from this morning:
And, more painful, one from yesterday which ripped hugely higher and then collapsed henceforth:
I know there are suggestions to be had (“don’t use stops”, “use wider stops”, etc.) but – again- I’m just venting. The protection of having stop-loss orders can come with crap like this on occasion. The irony, of course, is that the charts are still really bearish.
This blog is not, and has never been, investment advice. It is a place that allows me to express my own views on the market and specific securities – as well as make whatever cultural ...
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