I need advice. My portfolio has done well this year, with about 1/3 of it in individual stock. I started to get more cautious so I put trailing stop losses set at 10% on the individual stocks. Well lo and behold, on thursday afternoon AAPL went into a temporary fast downturn and the stop loss triggered. But then AAPL rebounded very quickly over the rest of Thursday and Friday.
So should I remove these stop losses? I guess it did what its supposed to do, but I caused me to sell low, and I missed out on some rebound returns. It also triggered a very sizable taxable event for me that could have been postponed.
Finally, AAPL has been a GREAT stock for me, and looks like it will continue to be great in the future. Right now, based on my estimations it should sticker price at 215, and is trading in the 160's. Should I just buy it back? Or should I look for the next great deal.
So should I remove these stop losses? I guess it did what its supposed to do, but I caused me to sell low, and I missed out on some rebound returns. It also triggered a very sizable taxable event for me that could have been postponed.
Finally, AAPL has been a GREAT stock for me, and looks like it will continue to be great in the future. Right now, based on my estimations it should sticker price at 215, and is trading in the 160's. Should I just buy it back? Or should I look for the next great deal.