How to “Fix” a Trade That’s Moving Against You
October 08, 2020 at 05:00 AM EDT
Let's be honest: We've all broken something, whether it's a favorite coffee mug, a bicycle, a window, a computer, a car, a toy - anything. Me? I'm usually inclined to try to fix whatever it is before I throw in the towel and replace it. What a lot of folks don't realize is that trading stocks is the same way. Now, sometimes there's no fixing it, and you've got to close out a position with a loss. It helps me to think of it as paying for a lesson. But more often, you can quickly fix that trade and walk off with profit in your pocket - and, of course, the satisfaction of a job well done. Here's how... Full Story Here's how... Tags: trading strategies To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2020 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post How to “Fix” a Trade That’s Moving Against You appeared first on Money Morning - We Make Investing Profitable .