To me, stop loss is like trying catch a whale with a fishnet. If one doesnt know what he is doing, no amount of stop loss or paying attention in the market will save him.
agreed. even a good counter, initially the fundamental was OK. but you never know when it's fundamental had change, price keep dropping. cut loss is the most effective to protect your investment.
If a stock can drop that much, one should always check the reason he/she boughtare still valid. if things haven't get worse, he should buy more instead of setting amount of stop loss. Vice versa, if the reasons he bought in are no longer valid then no many what amount the prices are, he should consider selling. just my opinion
fully agreed with Tai and Popo, cut lost and use the money for another better counter, i cleared vivo and bought hevea, now made more than the lost.otherwise, just waiting..
for me, I don't average down especially it show DOWN trend. once down trend form, cut. Average up, OK but you also hv to set the cut loss point. When price getting higher, just raise the cut loss point higher. Never stop when up trend and gain.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Ricky Yeo
1,637 posts
Posted by Ricky Yeo > 2016-10-16 18:24 | Report Abuse
To me, stop loss is like trying catch a whale with a fishnet. If one doesnt know what he is doing, no amount of stop loss or paying attention in the market will save him.