Message Font: Serif | Sans-Serif
No. of Recommendations: 0
"I think your approach is another good probability call. I got taken down by a bunch of guys on another board for recommending trailing stops to one of them. They maintain that markets go right thru stops on a sell off, and stops get you out just at the time you should be doubling up. I don't buy that argument, because it depends on what triggered the sell off, and you can't predict that ahead of time."

Hi Bob,

We each have to make our own decisions. Plenty of drops do not occur so quickly that you get a much lower price, but it is a possibility. There are plenty of folks on the boards who use stops.

No one knows what will happen or when. I don't have stops on all my companies... but some days I feel like selling everything and just not think about it for a while ;-) Thats hard to do, just like selling your LH, but we make our decisions and go forward. I like profits and I'd rather leave some on the table than having to deal with the "I knew I should have sold..." aftermath. One day I may just put everything on stops and get out of the market that way :-) Anything that refuses to drop could stick around.

The big win by the Dems have folks wondering how it will effect health care and pharma... Down the line some of the prognosticators will be right and some will be wrong...

All the best to you,

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.