Message Font: Serif | Sans-Serif
No. of Recommendations: 1
<<<<<<<<Sheesh !! - $33 per trade. I thought Sanfords was expensive at $24 (or in my case $20 discounted). One of the annoying things about Sanfords is that they do not allow short selling and have no stop-loss system. >>>>>>>>>

I think I really need the stop losses for my situation. Maybe I've been reading Mish's board too much but I have a diy super fund with >200k of aussi shares and I feel very exposed. So a while ago I tried buying a some puts on asx 200(xjovm). This gave me some cover but not enough and not cheap and doesn't last long(unless i pay more)!

So if I can put stop losses in at perhaps 7%(???) under my shares for $50 month and $33 if it trades it seems like a bargain. If things go up as they may, I raise the stops. Is my logic ok? As you can tell this is new ground for me so I apprechiate any thoughts on this.

BTW I apprechiate the welcome and I will try to contribute more as I get more confident.
Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.