Stock Market Lesson: Ruckus trade update

June 28, 2013

I thought I would follow up on a trade that I placed in February 2013.  I bought shares of Ruckus Wireless (RKUS) on February 13, 2013 and was stopped out the following day on February 14, 2013.

I wanted to followup on this trade and show the importance of using stop-loss orders.  Here is the stock’s chart as of today:

(Click chart to enlarge)
RKUS update 6-2013
As you can see, the stock plummeted down to below 11 a few weeks ago.  Hanging on to a losing stock position creates large losses.  You must also take small losses when you are wrong.  No exceptions!

 

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