Stop Loss Lesson Over

AmerisourceBergen ABC

I think it's time to close out this lesson on the stop loss.  The price has moved clearly into profit and I would still have been in this trade if it had not been stopped out by my over-anxious move of the stop right up to the entry point after which I was taken out on 7th January.

The price is now about to come up against the 200 day moving average and there is a Presidential inauguration on Tuesday – so absolutely anything could happen which will have nothing to do with the original circumstances of the trade.

However, note the very nice cup and handle formation which should bode well for the future.

In the meantime, stop loss lesson learned.