As Sun Life Financial Stock heads into the next quarterly earnings to be released near the start of May, a lot of investors may be contemplating how to trade the stock while at the same time protect their capital from a possible decline in the stock. Sun Life Financial Stock for the past six months has been unable to set new highs and technical indicators point to possible further weakness.
Yet while the stock has done nothing for the past 6 months, my trades have continued to compound the returns. Eventually though, a trend changes in most stocks and Sun Life Financial Stock will be no different. If a stock cannot climb, it will eventually pullback until it can find buyers.
There are a number of ways to protect trades from substantial losses and allow an investor to sleep nights, but often the simplest ends up being the best. Not only does it provide flexibility, but often it ends up being the cheapest and easiest to implement.
This article looks at 3 different trade ideas in Sun Life Financial Stock. I have outlined the trade I plan to enter on Monday as well. All three trade ideas can be protected simply and effectively.
The rest of this article is for FullyInformed Canada Members.
Protecting Capital At Risk In Sun Life Financial Stock (SLF)
FullyInformed Canada Members can read the latest Sun Life Financial Stock (SLF) trade ideas and strategy article directly through this link or Canada Members can sign in to the full members site here. Non-members can join here.
Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.