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Originally Posted by AlejandroDinero
Now I got caught in PRAN, I'm down 40%...
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Alejandro, you and I have exchanged posts out here and got to know each other over the past couple of weeks, so I don't think you'd mind if I gave you a friendly piece of advice.
In the world of stock trading there is something called a stop loss limit.
A stop loss limit involves selling a stock when it decreases in value a certain percentage below what you purchased it for.
Adhering to a stop loss limit will keep you from losing too much on a stock should it start to go down or tank.
With penny stocks I have a stop loss limit of 10%. If it gets 10% below your purchase price, you sell. Doing so will limit any potential losses to 10%.
Regardless of your "gut" instincts, charts, what you've heard, what you've read, etc., you strictly adhere to your stop loss limit.
Doing so would have limited your losses in PRAN to 10%, instead of the outrageous and egregious 40% loss that you have incurred.
Regards,
-Ward