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| eamoses |
 Posted: Sat Aug 09, 2008 1:50 pm Post subject: |
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Investing Manager
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yeah, sounds like a plan, the SEC just loves insider trading.
i usually don't start setting my stops until the stocks starts to get overbought, once at that point i will set the stop slightly below the average of the past weeks open or close, which ever the lower point was- but only if this keeps me in the profit. Otherwise I will adjust up a bit more. Also, I sell on the way down, not all at once, though the first is a decent size, I try to be prepared for the stock to rally back up. |
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| deprived |
| Posted: Sun Aug 10, 2008 1:54 am Post subject: |
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Investing Sr. Associate
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| Quote: | 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
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I bought his book- and crossed out half the book with the permanent maker- Where can i get my money back, will he personally refund me?
Of course if your the half full type, then I got information thats is half usefull- so i at the least get half my money back and the publisher should take half the money paid to him back. |
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| deprived |
| Posted: Sun Aug 10, 2008 2:22 am Post subject: |
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Investing Sr. Associate
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My answer as when to get out
For anybody would be before the gains you made turn negative- do not forget to include broker fees in the overall cost of your trades. As soon as you realize or know you are going negative and if you have to take a loss, make sure it is little as possible.
Another thing to ponder- If we all follow the 8% rule, that he suggest; will he be the shark that is making a steady 8% profit while the sheep are taking the loss.
What he is really trying to say is WHAT IS YOUR RISK TOLERANCE, So set it to a figure (%) and when your not watching the market, you will minimize your losses. |
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