I've been successful in the past year in buying beaten down stocks from solid companies that I think will rebound (Boeing, Sherwin Williams, etc…) I've also gotten stuck on a few, riding them too far down. I try to monitor my account daily, but feel like it'd be smart to implement a Trailing Stop strategy to (1) Put the maintenance of my account on auto-pilot, and (2) Remove the emotion from my trades.
My idea: continue my "beaten down" picking strategy and immediately implement a 15% Trailing Stop Sell Order. Curious what others think about this idea and wondering what strategies others have found successful?
Submitted July 14, 2017 at 07:52AM by trigatch4