This thread tracks real trades in one of my portfolios. Refer to backgrounder for more info.
Luckily my sells from the previous week were not at the bottom. 3 out of 4 of those stocks are still trading below their selling prices. PSQ is solidly lower, while FXI and GDX are barely below. So, if I decide to buy back those positions more than likely it I will be a higher price. Many will say, if you are going to buy them back at a higher price why sell.
I have played the game of holding on to losing positions praying for them to come back and have lost more times than I have won. The number one objective in trading is capital preservation. As long as you have capital, you can stay in the game. If you can keep your losses small – the odds of compensating for it with the next winner improve. So, I take small losses and move on.
I allocated another 10% to CRESY on Tuesday as it hit another new closing high. Unfortunately, it spent the remainder of the week selling off. Let’s see what the next week brings. I will be keeping a close eye on CEF, GDX and FXI.