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Stop Loss/Limit Orders
Posted on 5/22/13 at 9:45 am
Posted on 5/22/13 at 9:45 am
Who all uses these ? Can you provide some details on your strategies? Do you only use them on heavily traded stocks ?
4
Posted on 5/22/13 at 9:54 am to Zilla
When I did stocks I'd put in a trailing stop loss that would sell any time the stock dropped by 10% below the purchase price. If the stock increased in value I'd keep bumping up the stop loss at 10% below the highest value the stock had risen to and take my profits when the stock value fell. My mistake early on was not taking into consideration some stocks day to day volatility in which case swings of 10% could result in buying and selling literally within a few hours on the same day. In such cases you will be getting hosed on transaction fees.
This post was edited on 5/22/13 at 10:15 am
Posted on 7/30/13 at 3:40 pm to Zilla
True story. Several years ago I bought 300 shares of Apple at $15/share. Gradually over 6 months it climbed to $22 or 23 a share. One day it dropped a coouple of points, and worried that I might lose my profit, I called in a stop loss at $20/share. Next day it dropped to $19 and a fraction for a vey short time. Poof there went my 300 shares of Apple. It never hit $20 again and you know the rest of the story. Use this to decide if stop losses are good for you.
Posted on 7/31/13 at 4:35 pm to Zilla
yep. I use them on stocks and futures contracts.
Posted on 8/2/13 at 10:09 am to Zilla
I had a stop on quote sell at 16.0 the other day which executed at 16.12 or something like that. The stock did not hit the 16.0 mark at all. Why did it execute above the stop quote?
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