brerwallabi
The Oracle
- Joined
- 5 July 2004
- Posts
- 1,053
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- 817
Just spend the last 20 minutes putting into excel what I recently quit and calculated on todays close price what my trading holding/capital would be if I had not pulled my stop/losses and continued to hold some certain stocks.
I would be down $36k.
Not acceptable.
Although I have not reinvested all monies pulled out through stop/losses, I have been able to enter certain stocks that have delivered a PROFIT and still retained and increased my useable funds ahead of where I have been. I need profit to live and I need my useable capital to increase.
Stop/losses are my safeguard they allow me to quit a stock and allow me to enter another trade with the objectivity of making a profit using a system that I am comfortable using and has proved over a long period of time to be profit generating.
I can't see what is wrong with running with the herd and stopping before the edge of the cliff.
I would be down $36k.
Not acceptable.
Although I have not reinvested all monies pulled out through stop/losses, I have been able to enter certain stocks that have delivered a PROFIT and still retained and increased my useable funds ahead of where I have been. I need profit to live and I need my useable capital to increase.
Stop/losses are my safeguard they allow me to quit a stock and allow me to enter another trade with the objectivity of making a profit using a system that I am comfortable using and has proved over a long period of time to be profit generating.
I can't see what is wrong with running with the herd and stopping before the edge of the cliff.