"On another note, it's wise to not have stop loss
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Posted On: 01/31/2020 8:48:46 AM
"On another note, it's wise to not have stop loss orders or be on a margin account for that is a way to get really hurt financially and again, JMHO -"
I couldn't agree with you more! There's no way I'd be using stop-losses on this stock for the same reason that we just saw today. And all of my shares are long-term capital gains, so the last thing I want is to lose them due to a sudden short attack, and then have to buy back at a higher price. And all of my shares are in my non-marginable account so they can't be borrowed by the broker for shorting. I have two accounts with the same broker, one marginal and the other non-marginal. If I want to sell some, I just do an online transfer to the marginal account and then sell them so that I can have immediate access to the funds.
I couldn't agree with you more! There's no way I'd be using stop-losses on this stock for the same reason that we just saw today. And all of my shares are long-term capital gains, so the last thing I want is to lose them due to a sudden short attack, and then have to buy back at a higher price. And all of my shares are in my non-marginable account so they can't be borrowed by the broker for shorting. I have two accounts with the same broker, one marginal and the other non-marginal. If I want to sell some, I just do an online transfer to the marginal account and then sell them so that I can have immediate access to the funds.
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My comments are just my opinions and should NOT be taken as investment advice.
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