Do you know what happened when you were a kid and you broke the rules? Normally you would get your ass kicked and then you would cry about it. Well I broke the rules and my personal rules and fell into the, “I got have it now trap”, and got stopped out today in BIDU. I was luck that it was only a $76 dollar round trip loss when you consider I invested $7700 in one position. I only owned BIDU for about 12 hours, and bam! Got stopped out in the this crazy knee jerking stock market.
Rule 1 – S&P 500 has to be in an uptrend building off a pivot low, not a pivot high.
Rule 2 – ???
I blew on rule 1, so why go any further. To answer the title question, if I did not get stopped out when I did in BIDU by using a Trailing Stop Loss, I would be holding a $500 loss. Plus wondering where it was going the next day.
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