Hello Friends! Thanks so much for stopping by and visiting my blog, Stock Picks Bob's Advice! As always, please remember that I am an amateur investor, so please consult with your professional investment advisers prior to making any investment decisions based on information on this website.
I do not like to get whipsawed and do so publicly. And yet, I am committed to implementing my own idiosyncratic system of limiting losses and responding to market influences in some sort of rational fashion.
Earlier this morning the market handed me my quick 8% loss on Expetitors (EXPD) and I sold my 45 shares at $36.8506. These shares were just purchased yesterday, yes yesterday, at a price of $40.1894. Thus, my loss was $(3.34) or (8.3)% since purchase. With this being the sixth position in my portfolio, I am implementing my (8)% loss limit, and now back to five positions, my loss tolerance is increased to (16)% with the 'final five' of my 20 position maximum.
I hope this all makes sense.
My sale of EXPD is not representative of any dislike of this stock. I find the numbers on this company intriguing, the consistency of growth, etc.. My sale is just a reflection of my own amateur attempt of limiting losses and responding to market influences. The volatility is just killing me though.
I know there are lots of readers over at Seeking Alpha who are pointing out the VIX levels and I am learning this the hard way.
Since my sale is at a loss, and I still am now at 5 positions (my minimum), I shall not be replacing this holding.
Thank you for visiting. If you have any comments or questions, please feel free to leave them on the blog or email me at bobsadviceforstocks@lycos.com.
Yours in investing,
Bob