Stop Loss/Limit Orders | TigerDroppings.com
Posted by
Message
Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10121 posts

Stop Loss/Limit Orders

Who all uses these ? Can you provide some details on your strategies? Do you only use them on heavily traded stocks ?


wiltznucs
South Florida Fan
Apollo Beach, FL
Member since Sep 2005
7984 posts

re: Stop Loss/Limit Orders
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 at 10:15 am


homeskillet
Alabama Fan
Huntsville, AL
Member since Dec 2011
225 posts

re: Stop Loss/Limit Orders
So how do you determine the right percentage? Is a higher or lower percentage appropriate based on your investing strategy or the volatility? Or is it more closely related to your risk tolerance?


Replies (0)
Replies (0)
wegotdatwood
Member since Aug 2009
17094 posts

re: Stop Loss/Limit Orders
Do they work after hours?


LSU0358
LSU Fan
Member since Jan 2005
5579 posts

re: Stop Loss/Limit Orders
quote:

Do they work after hours?


Not for stocks. They will for futures, currencies, etc.


fishfighter
LSU Fan
Baton Rouge
Member since Apr 2008
21025 posts

re: Stop Loss/Limit Orders
I used to use stop loss when I was holding a stock for long. Would move that point up as it increased in value, keeping an eye on it all the time.

Limit orders I use to buy or sell all the time. Never use at market buy or sell.


Ace Midnight
LSU Fan
Currently asymptomatic
Member since Dec 2006
37192 posts

re: Stop Loss/Limit Orders
quote:

Limit orders I use to buy or sell all the time. Never use at market buy or sell.


I'm slowly figuring that out as well - even on large caps with stable prices.

Eventually, I'll learn.


Replies (0)
Replies (0)
Fred439
LSU Fan
Houston
Member since Aug 2011
43 posts

re: Stop Loss/Limit Orders
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.


TheCaterpillar
LSU Fan
Nashville from BR via Oxford
Member since Jan 2004
41140 posts

re: Stop Loss/Limit Orders
quote:

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.
:lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol: :lol:


Replies (0)
Replies (0)
ell_13
USA Fan
Member since Apr 2013
31882 posts

re: Stop Loss/Limit Orders
Wow. Could have turned 4500 into 210,000. Just wow.


Replies (0)
Replies (0)
AUtigR24
Auburn Fan
Happy Hour
Member since Apr 2011
12067 posts

re: Stop Loss/Limit Orders
quote:

Never use at market buy or sell.


This ^


Replies (0)
Replies (0)
homeskillet
Alabama Fan
Huntsville, AL
Member since Dec 2011
225 posts

re: Stop Loss/Limit Orders
quote:

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.


The opposite is I bought 106 AAPL at 372. A 10% trailing stop loss would have had me sell at 630 for a roughly 27k gain. I still have the shares at today's price, holding a neat 7k or so gain.



Replies (0)
Replies (0)
Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
18668 posts

re: Stop Loss/Limit Orders
yep. I use them on stocks and futures contracts.


Replies (0)
Replies (0)
Bonjourno
LSU Fan
New Orleans
Member since Jan 2010
2020 posts

re: Stop Loss/Limit Orders
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?


Replies (0)
Replies (0)
Page 1 of 1

Back to top

Follow TigerDroppings for LSU Football News
Follow us on Twitter, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookTwitterInstagram