Trading ideas
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Qwinbie
joined discussion · Oct 19, 2021 23:47
🔥🔥🔥 “Stop-loss is used to protect yourself if your trade goes WRONG.” 🔥🔥🔥
“Stop-loss is used to protect yourself if your trade goes WRONG.” Stop-loss allows you to exit at a “price” automatically, I presumed. By setting auto-sell off at your “loss threshold price”, a price that your heart can withstand. But through my experience, I ever encountered times when you set sell at $15.00 but when the auto-sell off triggered, the price plunge into $14.50. Then it recover again. And shot all the way back to $19-$20. I am not quoting any stock but these scenarios do exist and always happen. That’s why it is called “Stop Loss”. But there are some stocks below our buying price that we decide to hold for a longer time still.I always believe in dollar cost average (DCA) as I’m a long term investor. I tend to hold stocks for longer period of time so they weather the ups and downs. Stop loss is pretty much not really a big thing or strategy for DCA man like me.Why don't you sell the losing trade? Unless it goes bust, if you never sell, technically you are only in a paper loss postion. I usually will just keep if it turns against me as long as possible or rather forever.When will you sell? How do you decide when it is time to take a loss on a trade? Never. Touchwood. I do have a fair bits of those, misjudge stocks that is still way below my buying prices. Fortunately, it is a small percentage of my portfolio. But touchwood, I still kept them until now. If you don’t sell it, it will only remains as paper loss. $DiDi Global (Delisted) (DIDI.US)$ is one of the classic stock in my portfolio that bought it at $15+ just look at how much is it now? Some-how, i didn’t adopt to any stop-loss strategy as well and i am still doing fine. Weather it through.Good luck.
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Renee1007 : good article
Qwinbie OP Renee1007 : Thanks for the comment!
70954698 Be kind : NEVER SELL AT A LOSS, HODL UNTIL YOUR GREEN
Qwinbie OP 70954698 Be kind : Well, I’m not sure whether I’m right but I don’t see loss cutting as my strategy. Personal opinion and choice.
Poop Turtle 70954698 Be kind : Sometime the good company hit by Scandal. Eg the Barrings bank collapse due to trading long time ago Market rumor been circulating if cut loss still got some money back. Hold become toilet paper. So it depends. Lucky that u haven’t encounter this..
Qwinbie OP Poop Turtle : No doubt of the risk involved when considering scandal. There are also other risk factors involved altogether. Well, if it ends up toilet paper, then we have no choice but to use it as toilet papers.
Don’t waste it.
Accept all forms of strategies around. At the end of the day, my strategy may not be suitable for others.
The sharing part is to serve as opinion for formulating others’ own strategIes.
Thanks for the comment!
Good luck!
70954698 Be kind : I think I have better odds if winning then losing, most come back up, few go out. I appreciate all opinions, and this is just mine. thank you all
Qwinbie OP 70954698 Be kind : Thanks for sharing. Let don’t judge anyone’s opinions. Sharing of opinions enable others who read our comment to understand the situation from other perspective.
Wilson_wu : You usually stop loss by setting price or time?
CherryCpp : Ok
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