Johno took a loss but didnt realise may have a dividen to cover a little. I dont use stop loss as such rather my view of the trade.
Reason being is if do have a stop loss they are too tight and get swung out too easy. I moved the money to another stock which should cover the losses tommorrow.
I take lots of small losses and run with the winners, not an easy task when may take 6-7 hits and 1 that pays off. however the last 2 weeks have done very well not so this week but tommorrow could change that.
IIF Price at posting:
55.8¢ Sentiment: None Disclosure: Not Held
