Just a very quick note to update you on my Buckle (BKE) stock, which I absolutely love, but have learned to part ways as "friends" :).
Doug S. dropped me a not earlier warning me about the technicals, but I used my old strategy in a very difficult and unfriendly market that turned around and headed lower today.
I sold my 143 shares of BKE which were purchased just hours ago at $24.3968, at $22.0132. That is more than an (8)% loss and being in position 6-20 of my portfolio, it is my loss limit. Anyhow, they are history.
It is unfortunate that a 'favorite' of mine should disappoint like that. But I remain committed to limiting losses, exercising trading discipline, and recognizing trading mistakes as soon as possible. I also am committed to sharing with you my own actual trades as foolish as they may sometimes appear.
Please feel free to comment here or email me at email@example.com if you have any other thoughts.
Yours in investing,