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)
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!
Michael
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