Ep 153: Scott St. Clair: Why Selling Is A Difficult But Vital Concept
Investing With IBD
00:00
How to Cut Your Losses at 8% and Get Out
When you're in really bad markets, that oversold can stay oversold for a long time which is even more oversold. That's why they have that 8% stop loss because it's really hard to know where to get out after that. Always look for some support area for me. Some of those I just ended up cutting, freeing up the cash and I eventually put it in stocks that were going up in up trends or something like that.
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