daytrade diaries... september 25, page-30

  1. 8,937 Posts.
    Viphar > firstly don't panic. I would need to know how many you bought and at what price you paid. To lose 25% of your portfolio would indicate that you have not been taking stop losses as quickly as you should have or you have a small portfolio balance which is FINE!

    Secondly, the market will not 'go away' nor do I suspect that it will collapse any time soon. We MAY even see some further rises in the short term. As we approach 10K on the DOW.

    Thirdly the option exists to take partial losses > that is to make profits on some stocks and sell down your position on losing stocks SLOWLY.

    PEN is only slightly down on it's chart high so can't see how you could lose too much unless you bought a significant qty. It's in a good sector and can continue furtehr rgardless of market conditons. Worse case is 3.9

    FML > High is 4.4 and its at 4.1. Low of 3.0

    I think you should NOT panic sell. If it makes you feel better, then partial sell your holding AGAINST PROFITS.

    iPod
    HEART DONOR ASSISTANT
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.