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 a $335.02 stop loss for a 1% gain.
November 14th, I chose RVBD @$29.18. It closed up today @ $29.50. We'll set the stop loss @ $29.18 to preserve our capital.
November 15th, I chose HLF @ $57.85. It triggered and closed at $57.91. It seems markets will pull back, so I'm setting the stop loss at the purchase price.
November 16th, I'm choosing SH @ $41.64.
The Overall total return is 70.6% since my first purchase in June.
So far... 21 winners... 5 even... and 21 losers (at approx. -1% each) for a great overall profit.
See you tomorrow!