From: Dossy (dossy@panoptic.com)
Date: Sun Jun 15 2003 - 15:53:10 MDT
On 2003.06.15, Olga Bourlin <fauxever@sprynet.com> wrote:
> Use those stops, people.
Use them in both directions, if you're not able to constantly monitor
your portfolio.
Set the stop to, say, 25% up or 10% down. Why stop if it goes up? Hey,
if any position of mine goes up 25% from the time I bought it, whether
it be a day, a week, a month, or even a year ... let it turn into cash
and sit in my margin where it's safe. I dare folks to find me a
sucker---err, person---who'll give me 25% interest on my money in a day,
week, month or even year.
Again, why stop if it goes up? Because what if it goes up 50%, and
before I have a chance to look at my portfolio, it goes down 60% and
sells me out at a 10% loss due to my stop order? I'll feel like a dope
having lost the opportunity to make 10%, 25%, or whatever up-side stop
order I might have placed, wouldn't I?
It's all about minimizing risk ...
-- Dossy
-- Dossy Shiobara mail: dossy@panoptic.com Panoptic Computer Network web: http://www.panoptic.com/ "He realized the fastest way to change is to laugh at your own folly -- then you can let go and quickly move on." (p. 70)
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