<<<<<<<<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.
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