- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Stop Loss/Limit Orders
Posted on 7/31/13 at 11:55 am to Fred439
Posted on 7/31/13 at 11:55 am to Fred439
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.
0
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News