Who sold yesterday? Or bought anything?

[Realist]

Yes

On BHP! Was that just an example?


You do not need a stop on BHP. Having one is silly and only going to cause problems for you.

If BHP goes under in the next 5 years I'll run around Bondi beach in a pink bikini yelling "I wish was a little girl" for 33 hours.

 

[Kauri]

On BHP! Was that just an example?


You do not need a stop on BHP. Having one is silly and only going to cause problems for you.

If BHP goes under in the next 5 years I'll run around Bondi beach in a pink bikini yelling "I wish was a little girl" for 33 hours.

Most shares gapped down yesterday, BHP was only an example.My thoughts on not having stops on long term investments like yours is fine, but in the shorter term not having stops is what turns traders into involuntary investors.

If BHP goes under in the next 5 years I'll run around Bondi beach in a pink bikini yelling "I wish was a little girl" for 33 hours.

I think I might have seen you...

 

[Prospector]

If BHP goes under in the next 5 years I'll run around Bondi beach in a pink bikini yelling "I wish was a little girl" for 33 hours.

It might just be worth it!

I used to say the same thing about various companies, but then along came:

Ansett, HIH, State Bank (SA),.........

 

[wayneL]

There were billions of trades worldwide yesterday, did you sell anything? If so what and why?

Or did you buy anything?

This is not to skite or be critical of long only investors/traders, but for swing/day/options/futures traders it is business as per usual really.

A bit of added excitement because of the wide ranging day, but bsaically normal activity for me.

Cheers

 

[Garpal Gumnut]

It might just be worth it!

I used to say the same thing about various companies, but then along came:

Ansett, HIH, State Bank (SA),.........

Yes a reasonable statement,

I had a mate who bought HIH on "weakness"" all the way down to its delisting.

Unlikely to happen to BHP, but one should have a stop loss even on the most "trustworthy" of shares.

Garpal

 

[nat]

hi closed a one day short on wbc yes ,went long org then ,NAthan

 

[Halba]

BHP you shouldn't use stop as most of the time it will get hit. Just buy and hold with a couple of months view.

 

[vida]

Yes I panicked when the market opened and made a sell order at markte for my holding of BTC at .13 - which I had intended to keep for at least a year. Then I changed my mind as the stock dropped to .115 and thinking it was going to keep diving, I changed my sell at .13 to sell at market. Then I realised I was panicking and decided that was not a good time to make decisions and attempted to cancel my sell order but it was too late. I could not get onto the site, it was soo busy, and then I got email advising my sale went through at .115 and since then the stock has returned to pre-china syndrome levels of between 15 cents to 17 cents : and I am so peeved..!!

 

[2020hindsight]

Unlikely to happen to BHP

I think we agree for once Garpal - but speaking generally..
If BHP crash, I'll be able to tell my grandkids

"I lost the last remaining "fortunes" during 2007's BHP crash!!

Under these circumstances, I think they'll understand.

(They're gonna wonder what happened to the rest lol - but that's between me and my memories)

Mind you - today I sold everything - even FMG - which promptly went up 5%

Ps my grandkids will be too interested watching Realist on the news running around Bondi in a bikini lol.

PPS On the question of a man's capacity to withstand the "slings and arrows of outrageous fortune", I am reminded of the story of Kerry Packer - gambling in Vegas ( as I recall the story) - bloke beside him says " hey, you aussie smartass, you pay me some respect!! - I'm worth 5 million !!!" -
and Kerry turned - and looked at him - and calmly said ...

"toss you for em"

relevance? - I aint Kerry Packer lol. - but I plan to get in again "in a week or so

 

[Out Too Soon]

Yes a reasonable statement,

I had a mate who bought HIH on "weakness"" all the way down to its delisting.

Unlikely to happen to BHP, but one should have a stop loss even on the most "trustworthy" of shares.

Garpal

Hi Garpal, my position/ideas on stop losses at present is that if you hold 10 stocks (say 10% of holdings ea) & they all drop but you hold them until they're ahead (by say 12%) but one of them does a HIH (10% of your holdings) then you're still ahead. Just takes bravery & patience if it's a drawn out correction. This is a simplistic example but it works!

 

[mmmmining]

Regarding Reminiscences of a Stock Operator

I have the book in MP3. It is so fun to listen, help me a lot in difficult time.

 

[purple]

i didn't buy, nor sell, all i did was squint because the reflection off the sea was blinding