FRI 6/5: AFRM – SELLING (ALL) P/L: -$599.85 -9.0%

10:57 AM – Selling all of my AFRM this morning as the stock continues to show bearish technical signs. After recently breaking below the 10 DMA and 200 DMA, the stock has failed to stabilize and continues to deteriorate.

ULTRA Trader’s Tip: Capital Preservation Comes First

  • Strong traders focus as much on protecting capital as they do on making profits.

  • When a stock continues showing technical weakness, hope is not a strategy.

  • Exiting losing positions quickly keeps you financially and emotionally prepared for the next opportunity.

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