RE: Ohhh Mann Boy do I feel dumb.
Just put your mental stop at .15 and you'll be fine here..
Wow these guys that say sell, appear to be real pros.
Can't figure it out.
When you sell below your buy price you lose money. I don't get it.
A lot of people here bought higher.
Would they just not buy more when the price is lower.
Soldier....I can assure you that whether you buy or sell is irrelevant to most here!!
Possibly you could define your strategy a little more clearly...what exactly is a ''mental stop'' that you suggest to protect oneself. Is it just in your head... or do you act on it when the price reaches that level...a mental stop isn't a hard order....do you arbitrarily change your ''mental'' number when the stock price gets there ??
You suggest that those who bought higher should buy more now that the price is lower....you also suggest that by selling below the purchase price one loses money ( ya' figured that one out )...yet you still resort to a 'mental stop' strategy to protect oneself....which you've just said you ''don't get'' because it results in losing money.
Just think how clever many of them might have been to enter ''real stops'' at 50 or 40 or 30!!
I'll give you full marks for clouded strategy and humour !!