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Started By
Message
Set your Stop Loss on GME. It's your only hope of selling
Posted on 1/29/21 at 5:03 pm
Posted on 1/29/21 at 5:03 pm
Just offering facts here. Once the retail investors or even long institution holders start cashing in it will fall and fall fast.
You will not be fast enough to place a sell order and click ok before it moves. You will chase it ALL the way down.
You will not be fast enough to place a sell order and click ok before it moves. You will chase it ALL the way down.
14
Posted on 1/29/21 at 5:05 pm to Jjdoc
My buddy has a shite ton of GME tied up being transferred from RH to Fidelity. He is so fricked.
Posted on 1/29/21 at 5:06 pm to Jjdoc
Sage advice, the reality is that there are gonna be a lot of losers when the dust settles on this, and the vast majority of them will not be the hedge funds.
Posted on 1/29/21 at 5:07 pm to CE Tiger
quote:
My buddy has a shite ton of GME tied up being transferred from RH to Fidelity. He is so fricked.
prayers sent. Maybe the world will hold again but I doubt it
Posted on 1/29/21 at 5:08 pm to Jjdoc
Agreed. I have a limit order set for $2,000. Good call.
Posted on 1/29/21 at 5:12 pm to Jjdoc
We have gone from Diamond Hands to setting a stop loss. Fitting ends for that company, GameStop.
Posted on 1/29/21 at 5:13 pm to Jjdoc
So you think it crashes Monday? Do you have any GME?
Posted on 1/29/21 at 5:14 pm to Jjdoc
A stop loss is no guarantee either. Stop losses get blown past all the time on fast movers.
Posted on 1/29/21 at 5:14 pm to Chuckiee
It’s gonna gamma to the moon Monday, HODL!!!!!!
Posted on 1/29/21 at 5:18 pm to Jjdoc
(no message)
This post was edited on 4/5/23 at 2:44 pm
Posted on 1/29/21 at 5:20 pm to msutiger
Posted on 1/29/21 at 5:25 pm to Jjdoc
The hands are deep and wide...and I suspect have some unknown sources working in that direction...remember Carl when he got after Ackman?
Posted on 1/29/21 at 5:26 pm to Jjdoc
It's not worth a dime until you sell and someone has to buy what youre selling. There will be winners and losers
Posted on 1/29/21 at 5:29 pm to Jjdoc
Sounds like a nice dip to buy
Posted on 1/29/21 at 5:31 pm to iAmBatman
quote:
A stop loss is no guarantee either. Stop losses get blown past all the time on fast movers.
Yep every time something like this happens... everyone wonders why the stop loss did not get them out.
Posted on 1/29/21 at 5:33 pm to SLafourche07
quote:
Agreed. I have a limit order set for $2,000. Good call.
Nice! I wish TD would let me set mine that high. They cancelled my $1000 limit sell order. It's at $200 now on AMC.This post was edited on 1/29/21 at 5:34 pm
Posted on 1/29/21 at 5:45 pm to Chuckiee
quote:
So you think it crashes Monday? Do you have any GME?
I did not say it crashes monday. I am simply telling you facts.
You saw what happened all this week and has fast it moved. Sometimes in 20 dollar spikes one way or the other.
You will not be fast enough to manually set the sell and click ok... WHEN EVER that happens.
Setting a stop loss does NOT mean it will ever reach it and sell it. It simply you telling your broker that if it drops to this price... sell it.
Posted on 1/29/21 at 5:53 pm to Jjdoc
Fidelity will only let me set a sell limit at 50% above the current price. That's like $500. Lol, I want a $2000 sell limit.
Posted on 1/29/21 at 5:57 pm to Jjdoc
quote:
simply you telling your broker that if it drops to this price or below
Helping for future education
Posted on 1/29/21 at 6:02 pm to Jjdoc
None of these user-based platforms allow for split second sell orders, even with a stop-loss order.
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