Annaly Capital Management, Inc. (NLY)

[big-yank]

Bad move. Unless you truly understand mReits, this is among the riskiest of investments. The divvy has lured many an innocent trader into catastrophic losses in this sector. Do yourself a favor and investigate some safer high divvy alternatives like Cheniere/CQP or ContinentalPhillips/COP which have some risk, too, but not like this, AGNC, TWO, HTS, IVR, ARR, CIM, or the other high yield players like Annaly that can get crushed if the Fed follows through on the threat to raise rates 4 times in 2016.

I never use a stop loss, but for a novice in this sector I would recommend one to you. I sold all my mReits in 2012 and bought a golf course condo with the profits, so I respect the investment potential here. I am actually considering getting back in, but only with a hybrid Reit like Seritage that Warren Buffett just bought into in a big way... like 8%+ of the company.

Good luck!