Sean HymanModeratorJanuary 14, 2021 at 12:23 PMPost count: 3386
Lori: you’re welcome.
Robert: yep, your worst case scenario now would be a 10.5% overall gain, if stopped out.Sean HymanModeratorJanuary 14, 2021 at 12:42 PMPost count: 3386
Wow! Up 4.8% just today! We’ve got to be nearer to the next sizable pullback, I’d think.ScottParticipantJanuary 14, 2021 at 12:45 PMPost count: 214
Up 22.6% here. Holding and waiting.Robert GrahamParticipantJanuary 14, 2021 at 12:53 PMPost count: 183
Im very grateful for the opportunity to make 21% in two weeks and to also hold onto half the investment and see what happens still. I have ours stopped out to where we won’t lose anything on that portion.
Best of all worlds…Thanks!!Sean HymanModeratorJanuary 14, 2021 at 12:59 PMPost count: 3386
Scott: hope you’ll consider the sell half, keep half approach like these others.ScottParticipantJanuary 14, 2021 at 1:04 PMPost count: 214
Have not tried that before. I kept all my SLV. No regrets. How does that strategy work? Do I buy again if XOM goes down?Sean HymanModeratorJanuary 14, 2021 at 1:12 PMPost count: 3386
The thought process lets you maximize the upside volatility while reducing downside volatility. Additionally, it ensures you some gain, while keeping one leg in for further appreciation in the stock.
This is only done when something shoots up like crazy and we want to reduce some risks, ensure some gain and yet keep one leg in for the remaining upside that we think is coming.Sean HymanModeratorJanuary 14, 2021 at 1:14 PMPost count: 3386
Scott, see my explanation to Lori, who asked the same question. Also, Leslie posted about stops.
I’d post too but via smartphone, it’s hard to keep up with the posting volume.ScottParticipantJanuary 14, 2021 at 1:20 PMPost count: 214
I totally understand. No need to repeat yourself. I will go ahead and sell half and not purchase again unless it’s second or third tranche. Not going to set a stop loss.Sean HymanModeratorJanuary 14, 2021 at 1:22 PMPost count: 3386
Your broker can walk you through how to place a stop. It’s not hard.
Without the stop, you don’t assure no loss. With it, you assure no loss on the overall investment. Worthwhile.JOHN MarinParticipantJanuary 14, 2021 at 1:48 PMPost count: 40
up 21.43% sold half of my shares as advised..John StewartParticipantJanuary 14, 2021 at 2:07 PMPost count: 29Sean HymanModeratorJanuary 14, 2021 at 2:11 PMPost count: 3386
Your broker should be explaining that with you on the phone. Makes them earn their keep.
It’s the price at which you want the stop to trigger. Not a stop limit but a stop that triggers a market sell order at that triggered price.
A stop is simply saying, “If the stock falls to this level, I want out. Sell. “
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