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| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| DDM | Equity Investment Instruments | -24.25% | n/a | 5 | 09-Oct-08 | Prior Holding |
28-Jul-08
Why stops are important
Holding Rationale for DDM.
Recently i began using the stop loss rule because this apple stock i own is driving me insane.
I bought DDM at 61.70 and i figured out it’s volatility through Average true Range (ATR) was around $2.40 61.7-2.4= 59.3
I decided to give it a little more space so i set $59.
with 15 shares i held at 61.7 i spent $932.5 ($7 commission included)
i sold with a stop rule in effect at $59 so that is $878 after commission is deducted.
I ended up losing $54.5 or about 5.8%. I’m fine with that as long as it keeps me out of trouble.
Remember!
Disciplined Traders Use Stops and Never go against their own rules.
Tagged Stocks: DDM
Posted at 12:19 in Holding Rationales | Permalink | Comments () | Top
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