[theory6453]

Like, Isatrader stated, it is ultimately your decision.

Though I would ask myself this if (and I am a lot) in your position. Are you clinging onto your trade in hope that it will bounce...although you do have a valid technical indicator holding out to stick to. Though if everything else around the trade is bad, then you need to be emotionless with your trading and make the call.

One of many useful tips from Mark Minervini's book, 'Trade like a stock market wizard', he states that if soon after you place a trade and the trade doesn't act as you expected it too then get out. If the trade changes direction and then does what you initially expected it to, then you can always get back in.

That is easier said than done mind as I am in a very similar position with PGD. I am down about 10% and it is right on critical support. I know if this breaks on a weekly close I will shut out my position.

The Mark Minervini book is brilliant I think as it touches on some core trading traits which I can relate to in past experience. I am meaning to write a review on it under the journal section soon.

Hey Tryst,

Thanks for the feedback and sorry for the late reply as I am just seeing this post right now. Totally agree with your assessment. I ended up selling all three of the stocks in question and don't feel the least bit regretful about my decision. Like you said, they didn't act as expected so I ditched them for better opportunities.