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One of my favorite tools is trailing stop loss orders to protect from loss.
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It was a trailing stop for a position we put on at, like, 9 bucks.
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Technical analysis helps to determine when to buy, the exit target and where to set the trailing stop.
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For risk management, consider something along the lines of a 15-20% trailing stop.
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Apply a 10% trailing stop to bail out and get in later at cheaper prices if the stock starts to slip.
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If we talk about support levels real quick, I think with these indicators proving to be less reliable in turbulent markets, I personally have relied heavily on using trailing stop-loss orders, as I mentioned, as well as indicators like volume, price performance, and support levels.
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To read more, see The Stop-Loss Order: Make Sure Your Use It, A Logical Method Of Stop Placement and Trailing-Stop Techniques.
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We have an upside target of 63, and suggest a mental trailing protective stop initially set at 45.
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Months of non-stop coverage, deep (and sometimes, not so deep) analysis, spirited debating, campaign trailing, baby-kissing, embarrassing video releasing, attacking and more attacking have voters thankful for the end of this election.
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