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Re: diPfliP post# 510

Tuesday, 11/09/2010 4:27:45 PM

Tuesday, November 09, 2010 4:27:45 PM

Post# of 784
I'm to greedy for that, lol... Though when you get pretty excited about your account, might not be a bad idea to put in a trailing stop loss, maybe at 50% of your gain. This way if the run turns against you don't lose all of your profits (I've watch that happen to many times, lol.) But you won't lose your stock on a minor bounce. So if you bought at 10, and see a see 11, a 10% jump, put in a stop loss at 10.50. If the run continues, move up you stop loss proportionally so you enjoy the entire run fully. If there is a strong bounce agaisnt you and you lose you stock, ok then, reaccess and play again. I don't like using stop losses as I feel they stop you from keeping your stock to often, but at some point they might make sense as I describe above. PerfectStockAlert.com likes to do that. Like maybe tomorrow if we stall out at a support level...