Todays Chart of the Day is not to show you what to buy but instead to remind you how to manage your portfolio and use risk management:
- Never put all your eggs in one basket
- Diversify in both number and industry
- Have predetermined stop losses or sell points
- Never decide to rationalize - I'm not worried, I'll wait till it comes back and then sell it
- Read my standard disclosures below and understand them ---- I always put then there for a reason ---- for your consideration and protection
Dicks (DKS) was flying high and then had just one bad earnings call and it tanked: dropping more than 24% in just one day
Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in the next 72 hours.
Additional disclosure: The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stocks are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.
On the date of publication, Jim Van Meerten did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
