The Motley Fool Discussion Boards

Previous Page

Financial Products & Services / Discount Brokers

URL:  https://boards.fool.com/-a-loss-of-2-should-be-sufficient-to-get-one-17389824.aspx

Subject:  Re: Slightly OT: Date:  6/20/2002  10:55 AM
Author:  lorenzo2 Number:  41878 of 50600

... a loss of 2% should be sufficient to get one to drop one's position.

If you're suggesting setting a sell-stop just 2% below your purchase price, that's silly. That's way too close - given today's volatility, you'd be selling out of many positions within days of your purchase. I do think that setting a stop limit is sensible in many cases, but it probably ought to be more like 10-15% below the current price.

Lorenzo

(Who rode both LU most of the way down, and who recently closed out INTC)
Copyright 1996-2020 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us