Last week, I took a vacation with the family. I knew that I wouldn't have immediate access to a computer to trade anything. I have a hand full of stocks that I plan on holding for the long term, like NLY and FE. There was also a stock, FTWR, that I held because I sold most of my holdings from an earlier trade. I was aware that I still held 200 shares, but felt the downside risk was minimal and there was the potential for a breakout over the upper trend line. Unfortunately for me, they came out with a press release that they missed a loan payment....or, something like that. The stock tanked around 60% over a couple days. So, my plan is to watch and see if it recovers one of these days, as it is not really worth selling.
In hind-sight, I should have exited my entire position prior to leaving for an extended period of time. Luckily, the mistake was not too costly and won't break the bank. But had that been a full position, I would be kicking myself pretty hard.
Stay safe out there. The market is still crazy.
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