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How many of you have been stopped out of trades these past 2 days?

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Realist

Realist

Billie Jean is not my lover
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Alot I am guessing. I'm down a huge amount in 2 days but have not sold anything yet...

Of my stocks BHP, RIO, CQT, MRE and MTN have been brutally murdered.

If I used stop losses, particularly trailing stop losses I'd have sold most of them.

Would that be wise though?

Your thoughts, is it:

Best to jump out if the ride gets a bit bumpy to avoid sinking completely?

Or is it best to hold on, ride out the storm and reduce brokerage and slippage because calmer waters are ahead?
 
Second level of defence could be to look for insurance type derivatives, so you don’t sell underlying stock but get some protection for possible paper losses.
 
gday realist,

trust me its not worth worrying about $20 or $30 in brokerage when your stocks are possibly dropping by hunderds or thousands of dollars.

then its only $20 or $30 in brokerage to buy back in.

stuff the tax id rather pay a bit of tax than lose my money all together.noone knows how far these stocks could drop better sitting on the sidelines until a definete uptrend has established.just checkout BHP,WPL,s charts.they were giving worrying signals for the last couple of weeks.you dont have to be a expert chart reader to tell when a stock is on shaky ground.sideways then dropping below its uptrendline and moving averages

if you hold its possible you will get your money back but it could be years.commodities are on shaky ground.this bull market has been going for a few years how many bull markets have you heard of going longer than this???

good luck
 
I rode out the resources correction back in mid-may, at it's worst I would have lost say 10%/$5k.

I held and came out of it and sold the lot for +10% after a couple months. As it stands I'm in the same position again, roughly down 10% from today/yesterday - I think I'll just sit and wait - Only if I was in dire trouble and needed access to the cash right now would I consider it. I figure losing $5k is just as painful as $10k :banghead:

mrWoodo
 
Yeah it is not as if companies like BHP have huge PER's or financial issues.

BHP's P/E ratio is about 10 at the moment. It can not possibly plummett, it has a huge commodity price fall built into its calculation already IMHO.
 
im not sure when ill buy back in??wait and see could be some good buys coming up soon??

saying that im a trader not an investor so we probaly see things in a different way.i shouldnt have said you should have sold and stuff the brokerage as we see things in a different way.you like to hold long term ride the bumps and thats fair enough i like to get in and out reasonably quickly usually hold no more than 3mths but occasionaly hold longer.

not saying investing or tradings better, each to their own.best of luck with it.

cheers
 
swingstar said:
I thought it's all about time in the market?
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For investements. Yes. Dividends and tax work in your favour if you hold.

But for trading it is about timing the market I suppose.
 
tasmanian said:
im not sure when ill buy back in??wait and see could be some good buys coming up soon??

saying that im a trader not an investor so we probaly see things in a different way.i shouldnt have said you should have sold and stuff the brokerage as we see things in a different way.you like to hold long term ride the bumps and thats fair enough i like to get in and out reasonably quickly usually hold no more than 3mths but occasionaly hold longer.

not saying inveting or tradings better each to their own.best of luck with it.

cheers
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Yeah I am an investor but I have a few trades going on the side..

I'm guessing that tomorrow will prove to be a very good day for the ASX. Depends what happens overnight first though.
 
well one of my work mates told me that he sold out of all his stocks over the last few weeks, BHP being one of them which I belive he had held since they were worth around $15, gotta be happy with that!
Anyway I thought this was an interesting decision as he's not one to get spooked too easily, I wondered how many other people were losing faith in the market.
Mabey the last couple of days has answered my question, it will be interesting to see what will happen over the next few days and beyond.

Ill be sitting here waiting, have narrowed my seach down, have my eye on just a few stocks which have taken some big hits yesterday and today.
 
Realist said:
Yeah it is not as if companies like BHP have huge PER's or financial issues.

BHP's P/E ratio is about 10 at the moment. It can not possibly plummett, it has a huge commodity price fall built into its calculation already IMHO.
Click to expand...

Is the upcoming recession/depression/apocalypse priced in though?

(Excuse the embellishment :D )
 
Realist said:
Yeah it is not as if companies like BHP have huge PER's or financial issues.

BHP's P/E ratio is about 10 at the moment. It can not possibly plummett, it has a huge commodity price fall built into its calculation already IMHO.
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PE 7 with commodities at non bubblicious prices and they go in the bottom drawer.

We a loooooong way away from that though :D
 
wayneL said:
Is the upcoming recession/depression/apocalypse priced in though?

(Excuse the embellishment :D )
Click to expand...


ehehe it seems so. WPL down about 20% in about 3 trading days, it was never priced for $70 oil...yet oil went from $70 to $66 and its down 20% :cautious:

WPL has the best growth pipeline for an oiler which will almost certainly negate any oil price fluctuations in yrs to come, and you would think that OPEC will not allow oil to go below $55.00

all we can do is watch our stocks go down the drain :banghead: ...doubt its the end of the commodity market though....n e one been to China recently ?

No real big event(s) to cause this other than a lot of herd mentality panic selling. Today i read Macquarie Bank are recommending getting out of mining stocks al together. :confused: when a week ago they were saying be overweight mining(KZL,JBM,RIO were their preferred picks).

ZFX for example made $2.20 earnings per share. It is a $5.5bn company and earned $1Bn. Pays a 70c FF yield. They dumped it 10% today. Yet i look at the zinc supply situation and it is still in short supply. Demand is another issue but you would think that with the growing world population, demand will simply follow that over time..i.e. a straight line :confused:
 
the problem i has is if i set tight stop losses i get stopped out and then have to buy back in again. unless the market has a really big correction it doesnt seem worth it costs of brokerage and slippage.

im at a dilemna to either set tight stop losses or to ride out the storm. i see the commodity boom continuing for many years. am bullish on zinc and extremely bullish on uranium.

good buying for u stocks they suffer base metal price drops even when the spot price is at highest levels.

market seems to be very indecisive at the moment.
 
wayneL said:
Is the upcoming recession/depression/apocalypse priced in though?
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Partly yes.

Amazingly enough. :eek:

During the Tech wreck of 2000 companies with no cash, infact they had debts, they made losses or had P/E ratios of 300, and they crashed. Surprose surprise.

Now huge powerful well run companies with mega bucks in cash have PE ratios of 10 and people are getting spooked.

Hahahaaaaaaaaaaa!
 
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