Quote:
Originally Posted by McDick
Yes.. good that you are willing to cut your loss. Don't let it ride and hope for a rebound in this market. "Let it ride" rule can kill you.
I sold 50% of my GG shares right before closing. I hope GG can break 52 week high soon and start to profit some real good money. I got majority of my GG shares around $37.40.
Can't complain too much about this market. Feel bad for baby boomers who owns financial and car manufacture stocks as their retirement money.
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I have a stop @ 44 in place just in case, but yeah, cutting losses and know when to pull out is the 2 most difficult things to do in terms of investing.
Forget about TA, it is the people that you need to analyze imo.
I sold off half of my holdings back in May and right now I am using roughly 40% of my portfolio. Half in GG, half in ultrashort that I just got in today.