Wednesday, March 25, 2009
IBM Sold
My stop on IBM triggered at 97.50. I'll buy it again in the 80s. I made 16.5% on this in less than a month. Whenever something goes up that quickly I tend to want to sell it even if I think it has long term possibility. In this case I didn't just sell it, I put in a stop a few % below where it was. I'm planning on keeping 10% high water mark stop losses on everything I own. This would have saved me a lot last year, but I still feel like I got out at the right time (half in September and half in early October).
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