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Russell 2000 TA

Sinovac Biotech Ltd (SVA) : Trailing Stop Triggered

My trailing stop for SVA was triggered at 6.79 as I move it higher when it spike up above 6.8+

One of my first mistakes when I started trading was not having protective stops in place. That needs to huge losses.

The habit of having a protective stop has saved me a number of times. The downside is there will be times when the stock I am holding went on to greater heights.

It could be a blessing in disguise as the Fed announced a rate hike after the market close.

With the rate hike, I am not sure if SVA will move higher. It may retrace first before punching through its resistance.

As a reminder to myself : Always have a stop in place