Printable View
I set trailing stop loss at 10% on most of my stocks. It's way too volatile not to. If the stock market crashes, I cash out at 10% loss.. It's just an insurance policy to minimize loss because I don't sit there watching my stocks all day.
Only stocks I didn't set it were long term holds like Apple.
I also have a mainstream clothing conglomerate and it dropped tremendously to about $30/share but shot through the roof at over $60/share.
I want to daytrade but don't want to touch my main account. If I get $100/day in profits then I'm good.
The problem is I need to start another brokerage account with at least 25k.
[QUOTE=bladefd;14112703]I set trailing stop loss at 10% on most of my stocks. It's way too volatile not to. If the stock market crashes, I cash out at 10% loss.. It's just an insurance policy to minimize loss because I don't sit there watching my stocks all day.
Only stocks I didn't set it were long term holds like Apple.[/QUOTE]
My system has usually been to buy more every 10% drop. In fact the majority of my stuff I bought several times as it dropped from Covid. Now as it recovers shit has gotten exciting, I'm way ahead already and I still have a shit load of stuff that hasn't even begun to recover like airlines. I bought United Airlines 5 times as it fell, I have a ton of it and my last purchases were at its floor, it's already risen a ton since then.
Got to learn to think backwards sometimes, when a stock drops I have trained myself to get excited over it, like now that means Ill make even more.
[QUOTE=~primetime~;14113517]My system has usually been to buy more every 10% drop. In fact the majority of my stuff I bought several times as it dropped from Covid. Now as it recovers shit has gotten exciting, I'm way ahead already and I still have a shit load of stuff that hasn't even begun to recover like airlines. I bought United Airlines 5 times as it fell, I have a ton of it and my last purchases were at its floor, it's already risen a ton since then.
Got to learn to think backwards sometimes, when a stock drops I have trained myself to get excited over it, like now that means Ill make even more.[/QUOTE]
Sounds like youre makin some nice money.
Im thinking of going back to college, I assume youll cover my tuition?
It’s my human right to go play Billy Madison at SJWU, and youre making money thru investing. So whats yours is mine... right?
Hashtag #primetimes logic
[QUOTE=bladefd;14112703]I set trailing stop loss at 10% on most of my stocks. It's way too volatile not to. If the stock market crashes, I cash out at 10% loss.. It's just an insurance policy to minimize loss because I don't sit there watching my stocks all day.
Only stocks I didn't set it were long term holds like Apple.[/QUOTE]
Thanks for explaining what a stop loss is, we havent all known how those work for like... as long as weve been adults.
So again, thanks.
[QUOTE=starface;14113527]Thanks for explaining what a stop loss is, we havent all known how those work for like... as long as weve been adults.
So again, thanks.[/QUOTE]
Every one of his posts seem as if it was from someone with some sort of mental handicap or serious brain injury.
[QUOTE=warriorfan;14113565]Every one of his posts seem as if it was from someone with some sort of mental handicap or serious brain injury.[/QUOTE]
This is my favorite:
[url]http://www.insidehoops.com/forum/showthread.php?477422-New-poll-shows-Bernie-Sanders-clear-favorite-to-win-the-Democratic-Nomination&p=13932877&viewfull=1#post13932877[/url]
That first line is a knockout. Totally incredible. It's like a great eye opening book you read and don't forget.
[QUOTE=~primetime~;14113517]My system has usually been to buy more every 10% drop. In fact the majority of my stuff I bought several times as it dropped from Covid. Now as it recovers shit has gotten exciting, I'm way ahead already and I still have a shit load of stuff that hasn't even begun to recover like airlines. I bought United Airlines 5 times as it fell, I have a ton of it and my last purchases were at its floor, it's already risen a ton since then.
Got to learn to think backwards sometimes, when a stock drops I have trained myself to get excited over it, like now that means Ill make even more.[/QUOTE]
In normal times that is a fine strategy. These are anything but that. Obviously things like airlines stocks will eventually recover, but I would still try to minimize loss. Worse comes to worst, you can always re-buy the stocks a day later after it autosells at 10% loss and stabilizes a bit.
I like trailing stop loss because it moves with the stock price each day so it is still good for gains but protection from a full crash. A regular stop loss locks at set price, which is bit too limiting imo. Helpful to have learned about it. Didn't know the difference until couple days ago
Buy Sach, not as volatile... it dropped 9c since the correction started and dividends are based off of profitability not share price/valuation.
This is exactly why every portfolio should have a nice dividend-driven share.
Sach is still giving you a 14% annual return at its current price. Assuming they dont decrease the dividend which they have not in atleast the last three years (infact it has increased almost annually), it will pay for itself in about 7 years.
[QUOTE=bladefd;14112703][B]I set trailing stop loss at 10% on most of my stocks. It's way too volatile not to. If the stock market crashes, I cash out at 10% loss.. It's just an insurance policy to minimize loss because I don't sit there watching my stocks all day.[/B]
Only stocks I didn't set it were long term holds like Apple.[/QUOTE]
[video=youtube;_PSfgR2BJLg]https://www.youtube.com/watch?v=_PSfgR2BJLg[/video]
Are we at the beginning of a stock market crash or what?? Seems like more than a correction or dip..
RGS...Regis Corporation
biggest owner of barber shop / hair salon chains
dirt cheap right now...$6 a share, was $20 before covid
From what I understand 90% of their places are currently open and they expect to make a full recovery...and obviously they will, people won't permanently stop getting hair cuts.
easy money IMO...just got to have the patience to wait out the recovery....might take a year or two, but 100% profit is amazing within that time.
[QUOTE=Proctor;14113573]This is my favorite:
[url]http://www.insidehoops.com/forum/showthread.php?477422-New-poll-shows-Bernie-Sanders-clear-favorite-to-win-the-Democratic-Nomination&p=13932877&viewfull=1#post13932877[/url]
That first line is a knockout. Totally incredible. It's like a great eye opening book you read and don't forget.[/QUOTE]
:roll:
He’s so consistent. It’s incredible.
Holy shit, saw a 40c increase in Sach overnight in pretrading.... Might not seem like a lot but that's 11% right there. Curently premarket open its sitting at 3.80 was as high as 3.95.
[IMG]https://media4.giphy.com/media/kDTKcsS2Ht5KGuGbJu/giphy.gif[/IMG]