give me a strategy if the stock price moves against me in wealthsimple

If the stock price moves against you in WealthSimple, having a strategy in place to manage risk is crucial. Here's a step-by-step approach to help you navigate a negative scenario:

### 1. **Reassess the Situation**
* Quickly review the latest price, news, and technical indicators.
* Determine if the move against you is due to broader market shifts, company-specific news, or a correction in the stock's trend.

### 2. **Evaluate Your Position**
* Assess the impact of the price movement on your position:
+ Calculate the new portfolio value with the updated stock price.
+ Consider the percentage change and its effect on your $21K portfolio.

### 3. **Adjust Your Strategy**
* **Revisit your Stop Loss:** Check if your current stop-loss is still appropriate. If the stock has dropped significantly, you might need to tighten your stop-loss to lock in more gains or limit further losses.
* **Re-evaluate the Profit Target:** Consider adjusting your profit target based on the new market conditions. If the stock is under pressure, you might need to lower your sell limit to secure your gains.

### 4. **Consider Tax-Loss Harvesting (if applicable):**
* If the stock has dropped significantly and you have other investments that have increased in value, consider tax-loss harvesting. This could help offset the losses and reduce your tax burden.

### 5. **Monitor and React**
* Keep a close eye on the stock's performance and market news.
* Be prepared to make adjustments to your strategy as needed, based on new information or changes in the market.

### 6. **Risk Management Practices**
* **Reassess your risk tolerance:** If the stock continues to decline, ask yourself if you can withstand further losses.
* **Consider portfolio rebalancing:** If the GSRTU position is too large, consider reducing exposure to mitigate potential further losses.

### 7. **Stay Informed**
* Keep up-to-date with the latest news and market analysis related to GSRTU and broader market trends.

### Example Scenario:
Let's say GSRTU drops significantly, and your portfolio value decreases. Here's how you might adjust:

* **Stop Loss Adjustment:** You tighten your stop-loss to $12.50 to protect against further losses.
* **Profit Target Adjustment:** You lower your sell limit to $13.50 to secure your remaining gains.
* **Portfolio Rebalancing:** You reduce your GSRTU position by 25% to lower exposure and mitigate potential further losses.

By being proactive and adaptive, you can better navigate a market downturn and minimize the impact on your $21K portfolio.