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| JordanLarson |
 Posted: Wed Mar 05, 2008 2:37 pm Post subject: When to get out that is the BIG question? |
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If you don't get out at the right time it doesn't matter where you bought at.
Interesting 90 minute video from Chuck LeBeau
All about exits its interesting check it out when you get some time.
And its a FREE VIDEO!
http://www.videos4traders.com |
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| chr1stopheryoon |
| Posted: Wed Mar 05, 2008 9:37 pm Post subject: |
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| thanks, took me a while to find the video |
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| bazmanblue |
| Posted: Fri Mar 07, 2008 3:19 am Post subject: |
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ilike the idea of stops when investing in day trading,
probs because im lazy but it saves me from losing alot of money |
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| jake |
| Posted: Wed Apr 09, 2008 1:01 am Post subject: |
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| Stops are essential to protect your capital imo in most trading methods, without capital you cannot trade. |
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| Do5 |
| Posted: Thu Jul 17, 2008 6:35 am Post subject: |
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Investing Sr. Associate
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| Thanks, I still try to guess at this! LOL |
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| esquire415 |
| Posted: Wed Jul 23, 2008 1:17 pm Post subject: |
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According to William O'Neal of IBD, you should set a trailing stop of 8% for stocks you own, such that the most you'll lose is 8%. I don't follow that to a T. It all depends on the volatility of a stock. However, if you believe in the company, you should probably buy it back at a certain point where you think it has bottomed.
I got stopped out of Ag stocks MOS, AGU and CF during that broad market plunge last June and I was on vacation (I still made some but less than what I should have if I sold earlier) but I didn't set a limit price to buy them back when it went further down. Then they all went back up. Today, Ag stocks has taken a beating and is now back to where I want to buy them again. |
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| Grimreaper |
| Posted: Wed Jul 23, 2008 2:25 pm Post subject: |
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CFO
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| esquire415 wrote: | According to William O'Neal of IBD, you should set a trailing stop of 8% for stocks you own, such that the most you'll lose is 8%. I don't follow that to a T. It all depends on the volatility of a stock. However, if you believe in the company, you should probably buy it back at a certain point where you think it has bottomed.
I got stopped out of Ag stocks MOS, AGU and CF during that broad market plunge last June and I was on vacation (I still made some but less than what I should have if I sold earlier) but I didn't set a limit price to buy them back when it went further down. Then they all went back up. Today, Ag stocks has taken a beating and is now back to where I want to buy them again. |
Pffft, Willian O'Neill is da clown dat publishes Inbesters Bidness Daily isn't he? I'll tell you what.....go ahed and buy ANY stock on da IBD top 100 list of the werld's most grossly overvalued stocks and set an 8% trailing stop. By Fri you won't be holding ANY of the IBD plays cuz you'll be stopped out. But doanchu werry...IBD constantly updates the Top 100 so you will know the next stocks getting ready to implode.  William O'Neil is an idiot who publishes a paper giving stock trading advice to even bigger idiots. He's "lucky" we had a complete moron as Prez the past 5 years or else there would be no "Top 100" stocks that haven't had a correction in 3 years. Dat be the type o'chit Wiliam O'Neil touts. Cramer is maybe a "slightly" bigger moron than dat clown.  |
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| laxstump11 |
| Posted: Fri Jul 25, 2008 3:18 am Post subject: |
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I always use stops when I am trading, but have never heard of the 8% rule before... I usually place my stops below the previous day's low, unless I don't like what the stock is doing, then I will move my stops in tighter.
No matter who you are, or what your timeframe is for trading, you should use stops. IMHO |
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| exchange |
| Posted: Fri Jul 25, 2008 6:15 am Post subject: |
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get out when the time is right for you
if you are happy with 1% profit then it is time to get out when you make 1% profit
there is no rule of when to get out for profit or loss it all depends on your trading aproach |
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| Grimreaper |
| Posted: Fri Jul 25, 2008 6:44 am Post subject: |
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CFO
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| laxstump11 wrote: | I always use stops when I am trading, but have never heard of the 8% rule before... I usually place my stops below the previous day's low, unless I don't like what the stock is doing, then I will move my stops in tighter.
No matter who you are, or what your timeframe is for trading, you should use stops. IMHO |
Yikers! So basically if you actually do what you say you do (place a stop below the previous day's low), you NEVER make a winning trade!  Ov course ya can try and proove dat ya do. Jist pick a stock, ANY stock....tell me when it's a buy....and where to set your stop. Let's see how your theory works out. Go ahed...doan be skeeerd.  |
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| laxstump11 |
| Posted: Fri Jul 25, 2008 10:20 am Post subject: |
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What are you talking about Grimreaper??
As long as the stock goes up, it would be a winning trade wouldn't it? And then, as the stock continues to go up, I trail my stop below the previous days low... I don't see how you think I "NEVER make a winning trade!"
Umm... maybe you didn't understand? |
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| Grimreaper |
| Posted: Fri Jul 25, 2008 10:37 am Post subject: |
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CFO
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| laxstump11 wrote: | What are you talking about Grimreaper??
As long as the stock goes up, it would be a winning trade wouldn't it? And then, as the stock continues to go up, I trail my stop below the previous days low... I don't see how you think I "NEVER make a winning trade!"
Umm... maybe you didn't understand? |
Let's just put it this way. If ya set yer stops balow da previous daze lows the chances are about 70% you'll git stopped out bafo ya make any muny.  But! ya kin try n prove me wrong azz many times as yawnto. Pick a stock...ANY stock...let's experiment. I'm sure ya like AAPL since everybudy does. That POS gapped down on its grrrrreat errrrrnuns report. But!...that low hasn't been seen yet! Wanna try AAPL as an example?....even though ya woulda gotten absolutely nowhere so fer if ya bought the absolute low on the open on Tues? Or pick your own....I just suggested AAPL cuz I know ya like it. What's not ta like...right? |
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| laxstump11 |
| Posted: Fri Jul 25, 2008 10:53 am Post subject: |
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Dude...
If I could actually read whatever the hell it is that you wrote, then I might be able to respond a little better...
But I'll take a shot anyway. Where did you come up with the 70% stat? If you choose carefully stocks that are in an uptrend, then how would you get stopped out so easily? I understand that stocks are volatile, and when a stock is being unusually volatile, then I will move my stop accordingly. |
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| Grimreaper |
| Posted: Sat Jul 26, 2008 4:01 am Post subject: |
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CFO
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| laxstump11 wrote: | Dude...
If I could actually read whatever the hell it is that you wrote, then I might be able to respond a little better...
But I'll take a shot anyway. Where did you come up with the 70% stat? If you choose carefully stocks that are in an uptrend, then how would you get stopped out so easily? I understand that stocks are volatile, and when a stock is being unusually volatile, then I will move my stop accordingly. |
Well then....show us how ya do it! Pick a stock anna give us an example. BTW, you forgetted ta set yer stop on yer funny money port ova heeeya.  |
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| bobis |
| Posted: Sat Jul 26, 2008 10:07 am Post subject: |
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Investing Sr. Associate
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| You need to do a vast amount of research to know when is a good time to buy and sell but if you have a friend on the inside youll have better luck. |
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