FRI 3/6: KGC – SELLING (1/3) P/L: -$575.79 -12.8%

3:54 PM – Shares are now clearly trading below the 50 DMA. That violation signals weakening intermediate momentum. This position has been under pressure for some time, so it’s overdue to scale back. Cutting loose 1/3 of the current position here.

ULTRA Trader’s Tip: Trim Losses Before They Grow

  • The 50 DMA often acts as a key institutional support level.

  • When a stock clearly trades below that line, risk increases quickly.

  • Reducing exposure early keeps losses manageable and preserves capital for stronger opportunities.

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Chart services courtesy of stockcharts.com. Annotations by James Taulman.