One strategy might be to realize a loss in Under Armour and replace it with XLY to maintain exposure to the consumer discretionary sector.
Ultimately, there is upside in dumping stock market losers!
One final reminder: Any capital losses that exceed $3,000 can be carried over into the following year without any limit on the number of years they can be applied to.
Ron DeLegge is founder and chief portfolio strategist at ETFguide.