Skip to main content
Message Font: Serif | Sans-Serif
No. of Recommendations: 3
Set your stops!!!.....SET YOUR STOPS!!!!

Let's see if I understand this. You rode your portfolio and the market down to yesterday. Now after a good UP day you're going to set stops? Please.

If you rode it to yesterday's close, today's gains are nice, but they don't get you into the black. It would take at least a week of returns like today to get close to where most of us were last March. Unless you think we won't get back to that level, why are you in the market at all? If the market tomorrow takes this back, it takes it back. You'd be satisfied with what you gained today? And then be in cash? Having to deploy cash is a great way to make new mistakes, but hey that's me.

I'm with Bruce. You hang tight with a basket of the best companies you can find. When the up days come, you smile, drink a little wine, etc., but you don't get cocky. Paybacks are hell and hard to predict, but if you stay LTBH and you did a decent job of stock picking, you'll get to smile a lot over the long haul.

Enjoy the day, you've earned it over the last few months. Tomorrow will bring whatever tomorrow will bring. I can't see where I'll do anything different from what I did yesterday or today. Except I don't play volleyball tomorrow.

Who has never set a guaranteed stop in his life :^)
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.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
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.