You're right, I'll take a 60% hit. That's smart.
Post# of 75350
Posted On: 10/26/2015 7:33:27 PM
Re: NanaBelle2015 #11589
You're right, I'll take a 60% hit. That's smart. You seem like a smart individual so please use your brain. I wasn't saying that ironically.
I'm committed to making money, not taking a 60% hit. If you're okay with that then every $100.00 you have send me $60 and I'll guarantee you there's a chance I'll pay you back.
You value a stock by its market price and that's a wrong way to look at it. If you're not setting stop-loss or trail-stop on your shares as a safety net then you should really consider doing so.
If I cut my losses at a 10% gain and it drops another 10% I can increase my share count and reduce the percentage it has to go up to break even. The stock must jump well over 60% from where is at for him to still be in the whole from the order cost of the original buy.
He's lost 60%. It has to climb over 60% for it to be valued at the same as he bought it. I personally will never be so committed to any stock that I'll take a 60% smash. That's just stupid investing and counterproductive to the goals I have trading stocks.
To answer you're question I guess I'd say I'm not committed to any stock, ETF, or mutual fund I own. My goal is to minimize losses and maximize gains. Even if that means cutting my losses and buying it back, if deemed alsupappropriate, at a higher price.
It may be hard to understand, but sometimes you shouldn't buy a stock until it does rise in price.
I'm committed to making money, not taking a 60% hit. If you're okay with that then every $100.00 you have send me $60 and I'll guarantee you there's a chance I'll pay you back.
You value a stock by its market price and that's a wrong way to look at it. If you're not setting stop-loss or trail-stop on your shares as a safety net then you should really consider doing so.
If I cut my losses at a 10% gain and it drops another 10% I can increase my share count and reduce the percentage it has to go up to break even. The stock must jump well over 60% from where is at for him to still be in the whole from the order cost of the original buy.
He's lost 60%. It has to climb over 60% for it to be valued at the same as he bought it. I personally will never be so committed to any stock that I'll take a 60% smash. That's just stupid investing and counterproductive to the goals I have trading stocks.
To answer you're question I guess I'd say I'm not committed to any stock, ETF, or mutual fund I own. My goal is to minimize losses and maximize gains. Even if that means cutting my losses and buying it back, if deemed alsupappropriate, at a higher price.
It may be hard to understand, but sometimes you shouldn't buy a stock until it does rise in price.
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