Say, sell when the fund drops 10%. I wish I did. Why I didn’t do this Investment 101 thing.
Question for people with compliance issues. If a compliance department must approve your trades, can you set a stop-loss if you tell them before the trade… i.e. I am buying XYZ and have a trailing stop X% below. That way, you can have a stop, but not need to clear the sales (provided you exit with the stop and don’t change the stop rule).
Each new day you have to submit a new compliance request if the stop-loss is not triggered. I don’t have to notify compliance that I’m setting a stop-loss on the trade. If it gets executed great, if it doesn’t oh well. Tomorrow’s a new day.