Post by
Daytrading16 on Jul 20, 2017 10:45am
For the new or amateur investor.
If you are someone who is new to investing and have found a speculative stock such as Katanga to put your money in then I would highly recommend that you place a stop loss order on your shares. If you are someone who is nervous when you see the market swing down like it has this is a great way to put your mind at ease. In katangas case I would recommend a 10-15% stop loss order of whatever your original purchase price was. For example if you bought 10,000 shares of Katanga at .75 cents your stop loss order would be .68 cents. 75 x .1 = 7.5. 75 - 7.5= 67.5. By using this tool in your investing arsenal you will mitigate your losses and be able to reload on the stock when the price bottoms out or be able to move on to a different stock of your choosing. You can also use this when you are ahead in the market in order to protect your profits from a downswing. ***This saves you from having to constantly check what the market is doing.
Comment by
itsalie on Jul 20, 2017 10:54am
if you are any investor and see 1.9 billion shares outstanding your DD is done.. move on
Comment by
Chiefmombo on Jul 20, 2017 11:15am
Technically there's only 266M glencore owns 1.63B, and will be holding long do your DD. Thx
Comment by
Daytrading16 on Jul 20, 2017 11:24am
Took the word out of my mouth chiefmombo! Maybe I should make some more "new to imvesting" posts for him. Great Due Diligence on your part.
Comment by
itsalie on Jul 31, 2017 1:46pm
can you post some more 'new to investing' tips for me..
Comment by
Stevercan on Jul 20, 2017 11:47am
It should be noted that a stop-loss has no guaranteed outcome in terms of price. Once the price is at the target, the shares go into "at market" and gets sold in first in first out fashion with all the "at market" trades. It could be sold at far less than market depending on the case.
Comment by
Bullshat on Jul 20, 2017 2:21pm
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