At the end of everyday or week, or other interval as you define in your trading plan, you should analyze each individual stock in your portfolio.
This video shows you a simple process you can use for doing daily or weekly reviews of your trades. The purpose of the review is to see if you need to adjust stop losses, move trailing stops, buy or sell shores, or exit the trade entirely.
Managing your existing trades makes the difference between making a profit and loosing a fortune. Remember, preserving capital is always your #1 priority. Lots of small losses and fewer big gains, that’s preservation of capital.
Note: Do not do this during the trading day. Remember, emotional trading is portfolio
suicide!
Reviewing Your Stock Portfolio – Tracking Winners and Losers from steve warshaw on Vimeo.
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