By Steve Sjuggerud in DailyWealth:
An incredible thing happened in early 2000... We hit the trailing stop on every stock in our portfolio...
It felt terrible to have all of my recommended stocks fall by 25%. But in hindsight, selling at that point was absolutely the right thing to do... The Nasdaq index lost three-quarters of its value in a very short time.
While the Nasdaq was tanking, our trailing stops were forcing us to pocket gains... some of which were over 100%. One stock was up over 1,000% before it fell 25% and stopped us out.
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