FRI 5/15: MGA – SELLING (1/3) P/L: -$170.64 -5.2%

10:01 AM – Following the rules and selling 1/3 of my roughly $10,000 position here as the stock falls below its 10 DMA. The next support level I’m watching is ROUND-$60. Below there, the next major support is the 50 DMA, currently at $58.40.

James’ Trader’s Tip: Sell Signals Are About Risk Control

  • The goal of a SELL SIGNAL is to reduce risk, not predict the future.

  • Selling in thirds allows flexibility if the stock stabilizes.

  • Respecting technical violations keeps emotions out of the process.

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