A good time to do a stop loss is when the trade does not pan out the way that you want, and when that happens, we do not want to hold on to the counter and let the trade fester as illiquidity or as deepening losses.
but that said and already known, I do not practise it as much as i would like to do so. and have so far learnt it the difficult way. but i guess when money is really involved, we always have a little bit of reservations.
Review
Lippo Mall unfortunately is consolidating and it would be unwise to buy for speculative reasons.
however i will review its DPU over the years and free cashflow to see if they are indeed a good place to park some funds as part of my income portfolio.
Spackman has broken off the TP and i have vested myself in it. the stronger bull than bear action gave me some confidence in entering it. and as with reversal plays, i will tread very lightly so as not to let one small trade eat too much into my trading fun(d) which i find very enriching and engaging.
Endnote
Will be looking through for possible stock picks soon.
focusing on identifying:
i) uptrending counters on pullbacks;
ii) bullish breakout trades
iii) reversal plays
Lastly, i am looking at putting in another $10K into income assets and also starting up a CFD account to be able to be vested short-term in a disciplined manner.
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