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Bought VTI yesterday @ 136.90. Closed today 140.60. Got here a lot faster than I would have liked. Will sell stock or covered calls tomorrow morning if strong opening. If opening is weak will hold.
Wanted to clarify that the reason I would have preferred a slower bounce off the retest lows is that the SP 500 50 day SMA is about to cross under the 200 day.
I find the sell orders limiting a rising price interesting.
I've used stop loss % orders, so as the stock price increases the stop price keeps in line with the % set and actually narrows and gets closer to the new higher price, but why would one not allow a stock to continue upward if that's where it's going and the money is not needed immediately? Why limit oneself?
Eg. I purchased QQQ earlier in 2018 when it was 161.50 and put a 5% stop loss order, good till cancel. QQQ ultimately went up to $187-ish then back down. My stop loss got triggered when the stock dropped to around $181 and it sold $180.something. I wasn't going to limit the upside but of course I protected the downside and got out when the % was breached.
Last edited by lottamoxie; 11-28-2018 at 10:17 PM..
I find the sell orders limiting a rising price interesting.
I've used stop loss % orders, so as the stock price increases the stop price keeps in line with the % set and actually narrows and gets closer to the new higher price, but why would one not allow a stock to continue upward if that's where it's going and the money is not needed immediately? Why limit oneself?
Eg. I purchased QQQ earlier in 2018 when it was 161.50 and put a 5% stop loss order, good till cancel. QQQ ultimately went up to $187-ish then back down. My stop loss got triggered when the stock dropped to around $181 and it sold $180.something. I wasn't going to limit the upside but of course I protected the downside and got out when the % was breached.
I find the sell orders limiting a rising price interesting.
I've used stop loss % orders, so as the stock price increases the stop price keeps in line with the % set and actually narrows and gets closer to the new higher price, but why would one not allow a stock to continue upward if that's where it's going and the money is not needed immediately? Why limit oneself?
Eg. I purchased QQQ earlier in 2018 when it was 161.50 and put a 5% stop loss order, good till cancel. QQQ ultimately went up to $187-ish then back down. My stop loss got triggered when the stock dropped to around $181 and it sold $180.something. I wasn't going to limit the upside but of course I protected the downside and got out when the % was breached.
You mentioned raising the stop loss order price. I still don’t like it. It will get triggered on a stop you might not want to sell. Plus it could open lowerthanyour stop loss price. Nothing prevents a one day drop lower than your set point. You might end up selling it lower than you had intent. Trust me, my husband proposed this way many times. I’ve always ignore his advice.
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