Monday, May 11, 2009

You never go broke taking a profit

we all need to move fast in the modern stock market. you can be up in the morning and broke in the afternoon. take a look at todays action in LEA an auto parts maker. i was sitting on a 20% profit early on and am -4% now. i thought and placed a sell order to try to capture a few more percent profit with half my position and placed a stop order on the other half. my sell never happened and my stop got taken out. now i'm 10% down on the half position that stopped and 4% down on the half position that i tried to squeeze two more points from.



lesson to me and lesson to you??

Posted via email from fortypercent's posterous

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