The New Sell and Sell Short: How to Take Profits, Cut Losses, and Benefit from Price Declines, Expanded Second Edition

Question 54—Re-entering a Trade

Answer 1 A common tactic among professionals

Beginners usually take a single stab at a stock and move on to the next trade after a loss. A professional knows that a good stock is hard to find. He or she uses a tight stop and is not afraid to make several stabs at a stock before catching an important trend.