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Old 06-27-2016, 11:23 AM  
DaFace DaFace is offline
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Investing megathread extravaganza
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Old 02-13-2021, 12:19 PM   #7216
Hammock Parties Hammock Parties is offline
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SOME of it is good advice.

I, too, never invest more than a fraction of my account value in a single stock.

However the 10% stop loss thing is just plain being scared and you're potentially missing out on huge gains when you do that.

When I bought IBIO on 6/5/2020 I paid 1.55 a share.

On 6/8 it fell to 1.38, which would have triggered lew's 10% stop loss.

On 7/20 it hit 7.23 and I sold for YUGE profits.

It depends on the stock I suppose but 10% stop loss? GTFO
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Old 02-13-2021, 12:23 PM   #7217
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Here's another one for you: CDEV

Bought on 5/27/2020 at 1.16 a share.

bae tanked to 75 cents a share on 7/10

stop loss my ass because i sold at 2.98 two weeks ago
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Old 02-13-2021, 12:24 PM   #7218
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I stop loss after a profound run up and that's so I can buy back in after the inevitable pull back dips further than the stop loss. Ride the next run up. Rinse, repeat

But I barely know what I'm doing so YMMV
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Old 02-13-2021, 12:34 PM   #7219
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Totally disagree with the 10% stop loss advice.

As always, one has to diversify. Stop loss can make sense for more risky stocks but 10% is not enough.

I personally rarely use stop loss but for the most part I stay away from small cap stocks.

That's my opinion.
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Old 02-13-2021, 01:01 PM   #7220
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Quote:
Originally Posted by -King- View Post
Regarding your 10% rule. I do agree with you but what if you were early on a stock that blew up. For example, I was earlyish on Tesla and bought a bunch in the 75-200 range pre split. For that reason it's well over 10% of my total account value. Would you say that's the exception to your rule or would you try to diversify away from it and lower the percentage?
It about entering a trade with no more than 10% of your account, not about how much that stocks gains and results in it being more than 10% of your account value.
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Old 02-13-2021, 01:04 PM   #7221
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Originally Posted by Hammock Parties View Post
SOME of it is good advice.

I, too, never invest more than a fraction of my account value in a single stock.

However the 10% stop loss thing is just plain being scared and you're potentially missing out on huge gains when you do that.

When I bought IBIO on 6/5/2020 I paid 1.55 a share.

On 6/8 it fell to 1.38, which would have triggered lew's 10% stop loss.

On 7/20 it hit 7.23 and I sold for YUGE profits.

It depends on the stock I suppose but 10% stop loss? GTFO
Real traders, in real markets aren’t messing with large percentages of their account value and shit penny stocks.

IBIO also went below $1 after its summer run up. Plenty of bag holders still in it.

It will bite you one day.
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Old 02-13-2021, 01:10 PM   #7222
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I stop loss after a profound run up and that's so I can buy back in after the inevitable pull back dips further than the stop loss. Ride the next run up. Rinse, repeat

But I barely know what I'm doing so YMMV
At some point you won’t be trading in a bullish market and buying back in on a dip could result in your capital being tied up in a losing position (no stop loss on entry) for a long time if it doesn’t pivot and reverse trend. That’s where reading charts and technical analysis can make it at least better than guessing.
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Old 02-13-2021, 01:11 PM   #7223
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Clay, can you provide any examples of stocks over $10?

How long did you stay in IQ, what was the loss?

Also you realize getting stopped out doesn’t mean you can’t re-enter later? You’re acting like these $1-2 stocks that went south after you bought them had 100% certainty to go back up. That’s not always the case. The chart could tell you later if it makes a strong pivot and should be bought back in.
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Old 02-13-2021, 01:12 PM   #7224
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Real traders, in real markets aren’t messing with large percentages of their account value and shit penny stocks.
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Old 02-13-2021, 01:13 PM   #7225
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At some point you won’t be trading in a bullish market and buying back in on a dip could result in your capital being tied up in a losing position (no stop loss on entry) for a long time if it doesn’t pivot and reverse trend. That’s where reading charts and technical analysis can make it at least better than guessing.
Agreed on chart reading and finding bullish opportunities in a bear market
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Old 02-13-2021, 01:17 PM   #7226
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Clay, can you provide any examples of stocks over $10?
This year I've traded CCIV, VTIQ/NKLA, VIAC and SPY all well above $15.

Stop lecturing me.

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Old 02-13-2021, 01:24 PM   #7227
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This year I've traded CCIV, VTIQ/NKLA, VIAC and SPY all well above $15.

Stop lecturing me.
If stocks you’re entering are falling significantly after your purchase, your technical entry sucks.

Also, just trying to provide useful capital risk management suggestions in a thread that feels like Reddit.

Xoxo
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Old 02-13-2021, 01:28 PM   #7228
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If stocks you’re entering are falling significantly after your purchase, your technical entry sucks.
Thanks, dad.
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Old 02-13-2021, 01:31 PM   #7229
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It about entering a trade with no more than 10% of your account, not about how much that stocks gains and results in it being more than 10% of your account value.
Gotcha.
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Old 02-13-2021, 01:41 PM   #7230
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So after maxing out a 401K, IRA, HSA, and having a 6 month emergency fund, would the minimum goal of investing all other funds be to simply gain more than your mortgage interest rate?

Assuming you're free of all other debts
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