The last few days have been brutal for the long positions in the portfolio. From time to time, periods such as the one we are experiencing right now do occur. It's imperative to adhere to your stops and rules that you've set forth for trading. It can be easy to make up reasons for holding a stock but that generally leads to hoping the stock moves back in the right direction. We don't want to be in that type of habit. Remember the trade can be placed again if the technical pattern becomes stronger.
Below are the charts of the three stocks removed from the portfolio today. Two hit their trailing stops, while one closed below our initial stop price.
Three other stocks are now trading near their trailing stops. FN, LITE, OCLR are now on the radar as possible removals from the portfolio. Also on the portfolio holdings page, the symbol will display a red box around it if the stock is trading below the initial stop or trailing stop. Below are the charts.