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04-24-2021, 05:05 PM | #9226 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
(Purchase price - stop loss) Divided by purchase price = percent loss for trade WIRE 72.21 - 68.88 = 3.33 3.33/72.21= 4.6% loss |
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Posts: 46,123
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04-24-2021, 05:06 PM | #9227 |
Forklift Certified
Join Date: Nov 2013
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I'm tired of working, can any of you guys help me get rich?
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Posts: 16,949
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04-24-2021, 05:06 PM | #9228 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
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Posts: 46,123
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04-24-2021, 05:19 PM | #9229 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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04-24-2021, 05:25 PM | #9230 |
Forklift Certified
Join Date: Nov 2013
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Posts: 16,949
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04-24-2021, 05:44 PM | #9231 |
MVP
Join Date: Mar 2019
Location: KC
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Posts: 7,568
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04-24-2021, 05:46 PM | #9232 | |
MVP
Join Date: Mar 2019
Location: KC
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Quote:
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Posts: 7,568
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04-24-2021, 05:53 PM | #9233 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
I'm just asking that people appreciate that when investing. You don't get many 2020 stock market gains. That rebound from pandemic lows is not common. |
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Posts: 46,123
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04-24-2021, 06:11 PM | #9234 |
Mammoth penis
Join Date: May 2006
Location: Springfield
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You gotta get in before the end of the pump and out before the dump. And after you take profit dont look at it again like me and be pissed at yourself for not letting it go longer...that will inevitably lead to bagholding the next play.
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Posts: 11,434
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04-24-2021, 06:12 PM | #9235 |
Veteran
Join Date: Oct 2002
Location: Bismarck
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Are your stop losses always set less than 10%? Just curious because in the previous examples, they weren't round numbers. Where do you come up with the stop loss %? I usually just set it at 5%, sometimes 10% depending on volatility.
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Posts: 1,346
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04-24-2021, 06:17 PM | #9236 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
It’s based on recent lows or levels of support such at 20 and 50 day moving averages. |
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Posts: 46,123
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04-24-2021, 07:39 PM | #9237 |
Supporter
Join Date: Dec 2005
Location: Highlandville, MO
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I saw a nice turn around this week. Things had been falling since mid February, but Wednesday, Thursday and Friday were great. I was down 8% on the week Tuesday close. By Friday close, I was up 15% for the week. That was a great swing. I am hoping that the correction is over and this green continues.
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Posts: 12,832
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04-24-2021, 07:47 PM | #9238 |
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Join Date: Jan 2009
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Posts: 64,383
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04-24-2021, 07:52 PM | #9239 |
Banned
Join Date: Jan 2013
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Posts: 53,803
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04-25-2021, 07:30 AM | #9240 | |
Mod Team
Join Date: Sep 2011
Location: Valley of the hot as ****
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Quote:
For possible breakout stocks that I listed, I am looking to buy in at a price ABOVE it's current market value. I do not purchase unless the stock confirms continued movement upward. So I write Buy stop market orders, meaning the stock has to go above my stop market order before I buy shares. This ones I posted this week are all pretty close to their breakout price, but many times shares are $1-2 away from a breakout price so they must continue decent upward momentum before I'll buy. Once purchased, I monitor the stock for continued appropriate movement. Sometimes after purchasing a stock on breakout it will squat quickly, this isn't a good sign. Sometimes when I see this I sell the stock within the first few hours after purchasing or days after purchasing because it didn't confirm that the breakout up was real. With swing trading you are generally looking for 3-10% gains within days to weeks. The stocks previous volatility will determine if it falls on the low or high side of that range. One of my rules is once a stock reaches 10% gains I sell at least 50% of my position. If the chart shows that a bullish pattern may continue, I let the remaining 25-50% of the position run but raise my stop loss to at least break even (limit your chance of losing trades!) Hope that helps. |
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