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[Platinum Sell Alert] (5.25.23) 1 stock with 2.1% loss (minimizing losses)

[Platinum Sell Alert] (5.25.23) 1 stock with 2.1% loss (minimizing losses)
August 22, 2023

PAPER TRADE ONLY 

Sell STX – $60.95 

Price action moved below the 50-day SMA support level and triggered a sell limit order. The RSI is below the 50 level and the Stochastic had a negative crossover of the %D line. 

This provided the portfolio with a 2.10% loss or -$131.00 for a 100-share position. You can see the chart on the Stock Watchlist channel.  Utilizing stop limits prevents a trade from running up losses beyond our risk tolerance. Small controlled losses help us maintain positive overall gains for the portfolio this month.  

This information is for educational purposes and not a recommendation to buy or sell a stock

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