Preserving Capital...
In some market conditions, like we've seen lately, preserving capital can be one of the most difficult challenges for the investor. Yet, anyone can do it if they bury their money and simply fail to invest it.
So the real challenge is setting yourself up to take advantage of market rises when they happen and limiting or minimizing your risk when markets fall. The Evening Investor Strategy, on which this is based, continues to do this well.
Let's take a look at how we sit at the end of today...
November 11th, I chose AZO @ $331.71. It triggered and now sits @ $337.66, a 1.4% gain. I'll protect my capital and call for a $335.02 stop loss.
November 14th, I chose RVBD @$29.18. It triggered and closed @ $28.59, a small 2.1% deficit. We'll set the stop loss @ $28.16 to protect any erosion... remembering that the stock was actually up on the day by $0.05.
November 15th, I'm choosing HLF @ $57.85.
OVERALL
The Overall total return is 71.3% since my first purchase in June.
So far... 21 winners... 5 even... and 21 losers (at approx. -1% each) for a great overall profit.
I'd encourage you to visit Invest in the Markets for great educational articles, stock analysis, and trading strategies. It's a great site no matter how new or experienced you are as a trader.
See you tomorrow!
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