InvestorsHub Logo
Followers 3
Posts 1030
Boards Moderated 0
Alias Born 07/22/2003

Re: Frank Pembleton post# 15920

Monday, 06/05/2006 6:18:00 PM

Monday, June 05, 2006 6:18:00 PM

Post# of 19037
Can't remember if it was Market Call or a Fox show, but they were saying put a stop "6% above your purchase price". I've always figured it was better to put a % below the price (that is reasonable) - say 10%-20%. This would be an extra level in my eyes - that when all else fails - sell-the-sh*t to lock in at least 6% or whatever % desired.

So I would say that was similar to your stop profit. Prudent.

B


"When you have to shoot, shoot. Don't talk."
Tuco (The Good, the Bad and the Ugly)

"An umbrella with holes is better than no umbrella at all."
Dr. Alexander Elder on using stops.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.