Trailing stops are a good thing. As a stock goes up, I move the stop loss point higher so that if the stocks starts heading back down, I can exit hopefully with a profit.
PPL started plumeting last week. It hit my stop at $27.32 and then kept going down. It's currently below $27, so I'm glad I had the stop in there.
They don't always work in my favour though. IPL.UN headed south as well and hit my stop at $17.39. It bounced back soon after and it's currently trading at above $18.
So, got some cash in the account now. Time to start looking for new buying opportunities.
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