Q: Hi Peter & Team,
I would like to make a comment on stop losses. As you have stated you have to be very careful especially on a low traded stock as someone can "low ball" and steal them away.
A strategy I sometimes employ if I have a winner and want to trim to limit my portfolio exposure is say I have 500 shares, I put a very tight trailing stop loss on 200 shares, check daily, and ride the stock up as far as it will go.
My 2cents. Thanks for you advice and guidance.
I would like to make a comment on stop losses. As you have stated you have to be very careful especially on a low traded stock as someone can "low ball" and steal them away.
A strategy I sometimes employ if I have a winner and want to trim to limit my portfolio exposure is say I have 500 shares, I put a very tight trailing stop loss on 200 shares, check daily, and ride the stock up as far as it will go.
My 2cents. Thanks for you advice and guidance.