Zip. Whenever any individual stock , fund or ETF falls 20% from its recent high ...or from the price I bt it at ...I always sell 25-50% of my position .
I may re enter later but if its down more then 20% then I know I have missed something , failed to understand the risk or inherent volatility of the position.
It is simple risk management and prevents something like riding AMRN all the way down from its 2019 high of around $24 to where it is today.
Its not a perfect strategy . Im sure you can find instances when a stock dropped 22% from its high ...turned around and then made new highs .....which is why I never sell the entire position at that ( 20% down ) time.
I always sell the" news " to some extent . Dec 2019 R-IT approval was a classic example. AMRN ran up on the open and closed lower in high vol on the close ...classic example of " sell the news "
Recent example was RXDX . Small position which I sold on excellent P2 trial results . Its traded higher since then and I'll probably re enter this position once the buzz fades next yr
I've had a position in AMZN for probably a decade ...down 20% from its high ...in this case sold 2/3rds of that position .
SWAV ...my favorite stock in recent years ...same thing . Will look to re enter if they can get the roll out in China going and wider reimbursement in Germany .
The above is just what works for me ...and can be difficult to adhere to .
May not work for all
Good luck
Kiwi
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