Just wondering how often these monthly losses occur to you?
You lose money you've got to put double the effort to make it back kids.
Last edited by Kulio; 28th-July-2012 at 02:00 PM.
Ahh I see
Yeh I've been sitting watching
TGA lamenting lost opportunity.
Thanks for the tips.
However, if - instead of rising to 1.585 - it had dropped further and continued dropping, then taking a small loss is better than a large one.
There's never going to be a meeting of minds on the two approaches. People who are devoted to the so called value investing idea don't seem to mind continuing to hold any stock, regardless of its SP, as long as they still believe in the value of the company. I can't do that, but I get what they believe.
Someone following price alone is simply not going to see their capital investment continue to fall, so will prefer to take a small loss at a predetermined level.
Might as well just accept all round that one group is unlikely to convince the other about the validity of their approach. Neither is there any reason why either should imo.
So I guess that does it.
Really your post is schoolboy stuff.
Some of us here trade serious $$s and have been for many years.
Sure I get stopped out and see a stock turn back in the direction I was
On. I've also been stopped out and the stock just plummets.
It's called trading.
Very rarely trade stock in this market.
Indexes are easier so that's where you'll find me.
$500 stop loss is never a concern as is lost profit if
A stock runs back after a stop.
Always something to work with.
I see you've had 8 posts.
They don't seem to have any content though?
Thanks, Pioupiou, for your post of 26 July.
I've been buying a few lately for my longterm portfolio. Without getting into that FA v TA nonsense, the fundamentals stack up for me and the SP seems to have found support around current levels.
I bet the people who are hanging on to IAU, BBG and ILU etc are wishing they had the intelligence to have exited when their $$ started to erode.
Anyway, back on the subject of TGA. Its starting to look good, of my systems for going long the Turtle Breakout System seems to have the runs on the board so far for this stock.
Just waiting for the next bar to take shape and I may be an 'investor' until it starts to give away some of my money, that's we part ways again.
(click to expand)
Si Hoc Legere Scis Nimium Eruditionis Habes
I'm sure tech/a knows this - but does his audience?
Changing stop levels ( wider ) is a psychological issue --- not taking the stop.
I like my trades to move immediately and have learnt that closer stops deliver a better R/R on a portfolio than wider ones.
In markets like these I prefer to be in and out than sitting waiting.
Since that trade I've completed over 60 I'm sure other short term traders( in this market ) more.
I took a loss---what's the big deal?
You freely give advice to others, whether they want it or not, I'm giving you some of your own to think about. I remember saying on the day that your entry looked arbitrary at best. Go check out the post.
In this case you changed your analysis after the fact and were a bit rash - it's an error of judgment that I am pointing out not a personal attack. I'm certainly not questioning your trading prowess.
Those three stocks you mention are absolutely horrible fundamentally wise and anyone who bought and held those stocks deserve to have lost their money for investing in such crap companies. Just like those people who went on another speculation adventure in trees just a few years back. TGA should not even be in the same category.
Last edited by HarryH; 29th-July-2012 at 12:26 AM.