"Yeah, but sometimes stops backfire. Set a tight trailing stop for my winning GE position, exactly because of the fear of backlash - the stock plunged early morning past the stop and immediately recovered and went up. :-("
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"Just be sure to have a stop in place if you are in a losing position. The point at which you have to say "I was wrong about this position." Because the bear could possibly be back and bulls could be wrong. It is a distinct possibility."
Ilia commented on the blog post 'To be or not to be (to sell or not to sell)?'"After some contemplating, I came to the same conclusion.
Thanks, Steve."
"You do not have to actively manage your position by watching the screen all day. You can set a trailing stop that will automatically trigger if the position moves against you. But you should not just buy and forget. There is absolutely NO guarantee…"
Ilia commented on the blog post 'To be or not to be (to sell or not to sell)?'"Hopefully, you're right. I am planning to drift out of the market, at least temporarily - I really need to focus on a big project of mine and managing the stocks does take this focus away.
So, if the market goes up, I'll be selling my…"
"I think 875 will hold on SPX, But I could be wrong."
"Well always have a stop loss at breakeven once you have a profit. I had a huge profit in silver a year ago and went on vacation and came back to find it had evaporated. No stop in place. Learned that lesson!"
Ilia commented on the blog post 'To be or not to be (to sell or not to sell)?'"And I did take a loss. Sold at the stops. And... bought on the dip again. Well, I am a true optimist.
BTW, I think, Steve, you should specify in your questions how long has a member been an ACTIVE investor or trader. I have been lesuirely investing…"
"Hold your stops! We could be in for a trip down to the 50 EMA. Sometimes you have to take a loss. It's part of the game."
Ilia commented on the blog post 'To be or not to be (to sell or not to sell)?'"Thanks for advice. I did set stops at -5%. Unfortunately, initial rally fizzled and the stocks ended up in a negative territory. Fortunately, just slightly lower and far from my stops.
Also, RSX, USO and GE mostly compensated the losses from…"
"Please make sure you have set stops in for breakeven! Your first goal is to not lose money, especially on a winning trade! Let the market do its thing and then sell at resistance.
Looking at this chart I noticed that volume was low on the recent…"
Ilia posted a blog postTo be or not to be (to sell or not to sell)?
Last week I bought SSO on the dip and yesterday added BGU on the margin. RSX and FXI have been doing great. Let's see how their American counterparts do in this surge today.I am 200% in! This time I am not loaded with financials, which worked well before, but how long can they go up without fixing the fundamentals?If the market goes up, the main question is to hold or to sell around 950. My plan is to sell at least stocks bought on the margin.See More
"Great! Feel free to invite friends. I want to build a community of traders and investors who help each other here."
Profile Information
- What's your current long term market stance?
- Bullish
- What's your current intermediate term market stance?
- Neutral
- What's your current short term market stance?
- Neutral
- What is your style of investing? (You can choose more than one.)
- Day Trader, Swing Trader, Trend Follower, Buy and Hold
- In which markets do you trade or invest?
- Stocks, Commodities
- How long have you been trading or investing?
- 10-20 years
- Describe your level of market experience.
- I'm learning but consistently making money
- Have you read "Reminiscences of a Stock Market Operator?"
- No
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To be or not to be (to sell or not to sell)?
Posted on May 20, 2009 at 10:06am 11 Comments 0 Likes
Last week I bought SSO on the dip and yesterday added BGU on the margin. RSX and FXI have been doing great. Let's see how their American counterparts do in this surge today.
I am 200% in! This time I am not loaded with financials, which worked well before, but how long can they go up without fixing the fundamentals?
If the market goes up, the main question is to hold or to sell around 950. My plan is to sell at least stocks bought on the margin.
I am 200% in! This time I am not loaded with financials, which worked well before, but how long can they go up without fixing the fundamentals?
If the market goes up, the main question is to hold or to sell around 950. My plan is to sell at least stocks bought on the margin.
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- At 10:54pm on May 18, 2009,
Steven Vincent said…
- Great! Feel free to invite friends. I want to build a community of traders and investors who help each other here.
- At 2:40pm on May 17, 2009,
- Welcome!
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