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Premium: Learning From Stupidity – Exits Should Only Be With A Stop Loss

Today we did something really stupid. We exited from a stock that wasn't moving - and then, it ended up at a 20% upper circuit!

We had eight stocks in the Momentum Portfolio and Apcotex was one of them. Having entered at 218. we waited for days while it stuck around and stayed there. Today morning I decided that the Apcotex situation was getting boring and we should exit. Especially since the other positions had moved well, and this one hadn't. So we chose to exit - at cost. Here's what the hourly chart looked like . . .

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