RE: Stop Loss Positioning Guide
Good morning,
Before I start to gather capital for new purchases, I'm evaluating my current holdings (of which there are many Stage 4 stocks ). My first step that I'm taking is looking at what stocks I hold are currently Stage 2 and where to start putting the sell stops. I'm evaluating my holding of AMZN and it seems to be a great Stage 2 stock at the moment, but the dips aren't coming anywhere close to the 30 week MA. Do I still set a sell stop below the MA even if that means 20%+ drop to reach it?
Here is a link of my chart. Huge assumptions that I've set it up correctly. http://schrts.co/WzuWn5
Thanks in advance for the advice. At the moment, there is no sell stop set. This is my first one.