re don't sell on down daysIt all depends on your comfort level.
If you made a profit, don't cry over spilled milk.
I have a real problem with establishing what the bottom of the price or what the top of the price is of any given investment vehicle, so trade within a range that's comfortable for me.
We're all blessed with hindsight.
I use stop losses on most trades.
This wouldn't be the first time I've had that kick in at what appears to be an inopportune time.
That isn't going to stop me from continuing to use the function as it's one of the best ways of preserving capital I know.
SueBee, you haven't lost a huge amount that will significantly change anything important.
Roll with it.
Markets are in a huge transition right now and nothing is happening that was normal prior to 2019.
Even the talking heads and their guests on most of the ''business news channels'' are giving mixed signals on everything and they have cadres of analysts and info gatherers.
China and Japan are contrarians as far as interest rates go right now. The rest of the world is raising rates.
They're both major players and their policies have major effects on the markets all across the world.
India is, as usual, playing their own game but they're now a major influence as well.
Where do you take your lead from????
If BK gets its distribution back to a normal level, it should be OK again. Right now, it could easily tank overnight on bad news, along with all of the other splits.
So far, its saving grace has been the Canadian banks.
We'll see how it works out.
I'm fine with being in 100% cash again. I've been trading this vehicle and one other on the swings and have more than doubled the profits I would have made collecting distributions, while maintaining the integrity of my base capital.
That's a good year for me.
But this is my comfort zone and you have yours.
GLTA the good folks here.