Stock Market

[WODIN]

If you are that brave to stick your dick there then you sir have no fear.

When you have one of those shiney brochures let me know. I like shiney.

 

[white boy]

so where would you recomend setting the stop loss at on this .5% day trade?

 

[MarthaStewart]

one million pengos.

your trading strategy is up to you - put it wherever you are comfortable.

 

[supersizeme]

white boy - easy. just put a limit sell order up for some stock that you don't even own at .5% higher than what the other stock was worth at its last cup and handle chart formation in the fiscal year and you should do fine

 

[white boy]

Martha, I am not comfortable losing any, so I could put a stop loss at .5% and a sell at +.5%? and I can set this up on a daily basis with an online broker?

is that what you are saying supersize?
last cup means what the last large block sold for right?
chart formation what exactly is that? important?

Maybe someone could post a link to a decent site so I can figure this out
thanks

 

[supersizeme]

No I was being a complete retard when I posted that, please don't listen to that advice.

And to answer your question seriously, I'm a total rookie, but I don't think you'd be able to put a stop loss and a limit sell on the stock like that.

let's say you buy 1000 shares of Company X at $10/share.

If you were to put a stop loss at 1000 shares at $9/shares, and also a limit sell of 1000 shares at $11/share, you could potentially end up in a situation where the stock drops to $9, triggering your stop loss and selling off your stock, and then you've still got that limit sell of 1000 shares of stock that you no longer own there. Your trading company won't let that happen, at least mine doesn't. I have to either try and play it safe by placing a stop loss at a point where I don't want to continue losing money, or gamble that it won't go down and place a limit sell at wherever I would like the stock to end up before I start selling.

 

[Lumberg]

the problem is what if the stock goes down to your preset stop loss amount before it goes up to the .4% gain?

We haev to look at the intraday charts to see WHEN those stocks hit those highs for the day and whatt happened BEFORE that.

 

[white boy]

Yeah, you prick , you had me scratching my head, lol

But your right on that second post

 

[white boy]

the problem is what if the stock goes down to your preset stop loss amount before it goes up to the .4% gain?

that's ok, you cut your losses and play the nxt day, now if this hapens all mnth then you need to find another stock
right martha?

 

[FatRat]

Yer, guys, trhats what stop losses are all about! Cut your losses before they get too big!!

So US guys, how did Martha's projections work out?