Just as I expected, or perhaps should say feared, one of my recent purchases hit the 8% loss point, and was sold out of the trading portfolio. DRS Technologies (DRS) was purchased just days ago at $44.73/share. I sold 200 shares a few moments ago at $41.05 for a loss of $(3.68) or (8.2)%. This is a way that my portfolio automatically starts raising cash in a down-draft...and is a 'signal' for me to sit on my hands and hold off buying another position until such time as I sell a portion of one of my other positions at a gain target.
Thanks so much for stopping by!