Replies to post #14339 on lowtrade

[louisa]

Thanks, I never considered that option for my bad picks, to be clear GY is not in my portfolio. I am forwarding this to my son who is convinced this will be a rewarding as in 50 dollar stock in 10 years. I have been watching it plummet and as his mother urging him to get out but not in the way you described which does save some pride and coin. He wanted me to buy at 5 and change and that is when I first asked you.

All good things,
~.o

[The_Dunk]

Lowtrade,
I enjoyed the article. Thanks for writing it.
The Dunk

[sir makes alot]

Excellent thoughts here lowtrade.
much appreciated, as always.

[r3algood]

Low, capital preservation is all about tight stops and always obeying your stops. Taking (or even riding) a 50% loss is just dumb IMO.

[phrantic]

Very nice strategy, thanks.

[Cee-It]

I'm not trying to detract, but I would have to wonder how often a stock that has fallen significantly would then be sold by anyone for the reason that they expect it to fall further and then they would plan to re-enter.

Personally, if I expected my stock to fall significantly further, I think I would be more inclined to sell all of it and go with something I expected to go up. Then, if for some reason (hard to imagine, but suppose) later I felt really confident that stock was going to recover, I would jump back into it. Even if my money pulled out just sat there I'd have more of it left to put back into the stock than in the other scenarios.

AJMO - I think you are doing a great job, but I cannot agree on this strategy.

[trade2much]

Low- Wizard some knowledge if ya please.
I am getting my bracket goal % established prior to entry based on support and resistance, and using stops loss brackets as well, buttttttttttt on fast running stocks I am selling out prematurely and sacrificing a lot of potential gain.

I know the bit about trailing stops butttttttttttt if the spread is too wide at times the MMs take it and you end up with less of a gain than if you had merely taken the say, 15% and exited. I tried selling 1/2 and keeping the other half for more profit, becomes very iffy.

I use the ATR to determine stop losses many times but on fast moving up days many times that becomes irrelevant, so I end up either with a safe stop .01 below the days low or putting in too close a stop many times.

Ie say you own a stock at 1.40 and it shoots to the bracket target of 1.63 (16%)auto exit. Many times that seems to be too modest a target even though resistance indicated it should be the correct amount. *Perhaps since I am targeting just at the low point (south side) of the resistance candles to ensure a sale, Should I move to the northside of the resistance candles, and take risk of sale?

I thought of selling just below resistance, then setting an alert when the total resistance is broken, to buy back in unfortunately though the resistance may get broken at say noon but then dip back south for a negative trade many times

**What is a good method of maximizing the runners? Last year I got a 17% return using my system but it likely would have been 25%+ if I could have been a little better at it.

Any thoughts? TIAVM

T2M

[GOSSSAMER]

Funny how many are instructed to avoid 'averaging down' where in your case of 'capital preservation' it can help. I guess.