Anavex Life Sciences Corp (AVXL)

[wildcard235]

I set trailing stop-losses years ago as a dead-man switch on my investments (no biotechs), and alerts set to trigger in plenty of time to intervene before a stop-loss would be executed so I could make a careful evaluation and informed decision. If things went well, my trailing stop-losses would never be used. Is that unsophisticated?

When I was hit by encephalitis, it was severe, and for months I was unaware of things like my investments. Awareness of things returned very slowly. By the time I rediscovered my investments, all the trailing stop-loss orders had been executed, and had locked in substantial profits. Most of those stocks declined significantly afterward, so my trailing stop-loss orders locked in major gains I would have lost otherwise.

I do not have stop-loss orders of any kind on AVXL because I do not care about downturns while waiting for eventual FDA approval.