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12-27-2017, 06:14 PM | #1561 | |
Fish are scared of me
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Quote:
Or it could Tank. |
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12-27-2017, 06:38 PM | #1562 |
Mod Team
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Day trading in retirement?
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12-27-2017, 07:30 PM | #1563 |
Fish are scared of me
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12-27-2017, 07:37 PM | #1564 |
Mod Team
Join Date: Sep 2011
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What are your guys recommendations for placing Stop loss orders on securities where you've made a decent profit from you initial investment.
I bought into Canopy Growth at $8. It's currently trading around $21. Where would you place a Stop Loss order to lock in profits? It's a volatile stock that I could see having large swings based on more/less regulations. Should I consider a Stop loss around $16 where I could sell my shares for a double profit if it dropped. I could then consider buying back in at a point lower than this if it kept declining for a while? What are your strategies for locking in gains using Stop Loss orders?
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12-27-2017, 07:55 PM | #1565 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Quote:
The one I bought today at 17.21 I immediately put a stop loss on it at 15. It moved to 19 so I moved my stop loss to 17. It moved to 21 so I moved my sl to 19. It ended at 23.70 and I had a SL at 20 at the end of the day. A stock like X we know is pretty stable so I don't mess with a SL on it unless I were to see it start falling for a couple days and get worried. stop loss is only good for the day but costs nothing if it doesn't fill. I'm still learning. A good site to follow is www.stocktwits.com get on there and plug in a ticker symbol for the stock you are following and there will be conversation regarding that stock. And those people on there range from professional traders to regular stock owners but it's like CP for stocks because somebody on there will bring you breaking news that will make you money or at least keep you from losing it. |
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12-27-2017, 08:01 PM | #1566 | |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Quote:
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12-28-2017, 12:05 AM | #1567 | |
2 Legit 2 Colquitt
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Quote:
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12-28-2017, 12:56 AM | #1568 | |
Supporter
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Location: Scott City KS
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Quote:
I've never done it on stocks, but if it were me, I'd put the stop outside the biggest daily move over the last year. |
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12-28-2017, 07:03 AM | #1569 | |
Supporter
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Quote:
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12-28-2017, 01:34 PM | #1570 | |
Spooky Action
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Quote:
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12-28-2017, 05:40 PM | #1571 | |
Mod Team
Join Date: Sep 2011
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Quote:
It ended today above $24. Up 25% the past few days. I almost bought more around $16.
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12-28-2017, 06:50 PM | #1572 | |
Fish are scared of me
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Quote:
Or it could tank. Last edited by Hog's Gone Fishin; 12-28-2017 at 07:07 PM.. |
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12-30-2017, 06:25 PM | #1573 |
Roy E.
Join Date: Sep 2005
Location: Olathe, KS
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I ended 2017 with a 26.58% return on my Roth IRA.
This was double the return from last year. And I'm hoping for another year over 20% in 2018. |
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12-30-2017, 06:57 PM | #1574 |
Fish are scared of me
Join Date: Nov 2001
Casino cash: $-119523
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Lewdog got me to lookin at Cannabis stocks and holy crap!
The last 30 days there have been some huge gains. I gotta share but I'm not recommending any. Just FYI. BUDZ .... 148% TRTC........ 84% IIPR......... 72% APHQF...... 71% TWMJF...... 63% CNBX........ 63% HYYDF....... 63% ACBFF....... 58% SRNA........ 50% Those are gains last 30 days. Looks like the upcoming legalization of medical MJ in Cali and Canada is spurring. |
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12-30-2017, 09:29 PM | #1575 |
TACO SALAD
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There is a new weed index ETF available on NYSE too, mjx. Dunno, if it's great or not.. only 30 something holdings and I think it rebalances every quarter which seems slow for a fast moving industry.
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