After gains of 22%, 15%, 2% and 14% on our last four closed trades, we finally have to cut losses on one.
Quick reminder: small losses are actually a good thing. No one is right 100% of the time. But if our losses are small, and our gains are larger, then we’re happy and very profitable.
So… time to cut losses at 6% on PSA.
Public Storage (PSA) daily
Sell it and take the 6% loss. Price has broken support.
Hold all other open positions… which are all profitable as of right now.
Trade Smart,
Don Roth