Traders of the IRP

[buyittradeit]

Glad you enjoyed it:) Depends on the fibernacci retracement. But some that I hold like SCG or WIN have a d.r.i.p. So I tend not to add to these while they dip until a bottom is confirmed.


For example WIN broke support last year so I got out and waited for a re-entery point. Took a loss of 20% from a 10% holding in my long position. That 15% would have been worse if I didn't have the divy going back into the stock and if I had waited.


When I started to re-enter it was a slow process because it had no prior support. So I added with bids until I had the 10% holding back. In all I saved money more by stopping out of the long at 20% then adding. That is a low beta stock and low beta doesn't tend to act like that in fair markets. Then again we are not in a fair market lol.