kenatech, that’s correct but it was a mile from $82, the one before it, thus giving us a HUGE advantage.
The flip-side scenario can happen too. It can spike down and reverse upward so quick, before you have time to see it or respond to it, which is why I like having limits in ahead of time.
Now…in this next bear market, one could probably get by with widening them even further because it will likely be “the mother of all bear markets”.
Scott, I wouldn’t take a loss on a value sector of the market that is rising, with rising oil. There’s no need to sell at a loss. I would not encourage that, even if you had to ride through a dip first before you got to profitability.