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September 2, 2008


When Disaster Strikes

Filed under: Online Stock Trading — Online Stock Trading @ 8:35 pm

I held some shares of DIG over the holiday weekend, to find them trading about five points lower this morning. I was wrong. When disaster strikes, my plan is to sell half if the first 5-minute low is breached, and the second half is sold if the first 30-minute low, or first 5-minute low is breached… whichever is higher.

I executed that exit plan, and moved on. It happens if you swing trade.

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