Cut lossesI had to exit the trade today as the price hit my stop-loss—though unfortunately, the fill was slightly lower than the level I had originally set. This is the kind of risk we accept as part of trading.
In hindsight, I did notice yesterday that the stock wasn’t behaving well. There was a clear increase in selling pressure, and I should’ve exited then. But mistakes happen, and this is exactly the kind of experience we learn and grow from.
LEGH trade ideas
Legacy Housing (LEGH) an interesting small_cap to deal with Legacy Housing - LEGH on Nasdaq.
This is one of the small-capitalization stocks that I monitor.
I like real estate at a time of inflationary uncertainty.
Right now, it's graphically locked into a triangle.
I'll keep an eye out for a break.
Know more about it:
Youtube profile of the company: www.youtube.com
Seeking Alpha analysis: seekingalpha.com
LEGH Legacy Housing Upside Targets Legacy Housing Corp. engages in the selling, building, and financing manufactured homes and tiny houses that are distributed through a network of independent retailers and company-owned stores and are sold directly to manufactured home communities. Its products include tiny homes, singlewide, doublewide, the ultimate home, oilfield/workforce, and park housing. The company was founded by Curtis Drew Hodgson and Kenny E. Shipley in May 2005 and is headquartered in Dallas, TX.