RE:RE:RE:RE:RE: Stop loss triggeredStockMonster99 wrote: quinlash wrote: Touran77 wrote:
Quietinvestor wrote: What nonsense!!!!!!!!!!!!!!!!! So I bought 80,000 shares of MEDMEN at .2034 and sold at 1.34 and you say to me that I lost my shares when I sold yesterday. No, I sold my shares and made a profit of about $90,000 in a matter of a week. The shareholder who sold HEXO, sold them - he made a conscious decision and made a profit - that is what the stock market is all about. If you believe the stock market is about investing and waiting for years for a return, that is your choice, but if it is, why are you posting comment everyday????
Good to see HEXO went up for you longs here, following the RS.
GLTA
Good job Q4ever :).
Did not make as much, but pretty happy with my trade and now have more shares of hexo! Let's goooo
Traders can buy and sell everyday if they like, that can be done at a profit or a loss each time, that's up to them as to which strategy they want to take and how often they want to be trying to make the right call on which way the market will go a when. My own strategy used to involve a lot more trades over a short period of time but that proven to be pretty time consuming, frustrating and frankly not profitable. My strategy is to now find sectors I see great potential in for the time period I want to invest for then manage my weighted average until I see it time to exit... it's a long term trading strategy, I trade long so it works for me... it also works for the man who promotes the strategy and has done pretty decent with it.... Warren Buffett.
Trade as you will, take losses if you like. I'm not going anyway.
All the best
Q
well said Q!!
the point I was trying to make is that ppl put their stop loss at fairly predictable numbers and the algos/ large traders will purposefully test and push the price down to trigger all of these than use it as a buying opportunity. Those that day trade should be aware of that and keep it in mind when placing their stops.
Those bloody stop loss settings, favorite targets for short-sellers and new investors keep setting them below their averages... then they complain that they can never make money on the stockmarket.. I WONDER WHY !! ROFL
Here's a tip... if you are so worried about losing money on a stock you picked up and opted to set a stop loss for a price lower than what you paid or your average.... THEN DON'T BUY THE STOCK.... actually... don't play the stockmarket, throw your money into your RRSPs and forget about it until you go to retire.