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Mooers' Investing Journal
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Watch out Trailing Stop!!

$Advanced Micro Devices (AMD.US)$ Another learning through mistake on setting Trailing Stop. Entered pre-market into AMD at 157.81 looking long for the trade as the pre-market sentiment looked good with likely NASDAQ rebound.

However, make a fatal mistake to set the Trailing Stop Sell immediately at 3.5 stop. The market opened with the ticker yoyo-ing up and down, hitting 159.4 high.

Then followed by the downward swing to 156-ish which trigger the Trailing Stop sell at market price. The stock was sold off at 156.12, netting a loss of 169!!

Learning Point: Set Trailing Stop after observing the momentum of the stock.
Watch out Trailing Stop!!
Watch out Trailing Stop!!
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