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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%4:00 PM EST

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To: carranza2 who wrote (56468)10/14/2009 3:45:11 PM
From: energyplay1 Recommendation  Read Replies (1) of 217910
 
If you are setting stops, and are unhappy about how low the stops need to be because of volitility, there are five additional things you can do....

1) Sell a little from some or all positions, capturing the current prices.

2) Re evaluate the positions you have, and sell or reduce the weaker ones.

3) Sets some stops tight and some loose. If you broker allows it, set a trailing stop for a fraction of your holdings. This will tend to capture upward moves, but will be likely to resutl in a sale.

4) Use options to lock in some gain - sell calls or buy puts. Note that selling a call may require you to hold the underlying stock while it drops. Use caution with this strategy.

5) Set stops on only 80% (or x %) of your holdings, and be willing to HOLD through some wild swings and for a Very long time. Buying physical essentially commits you to this.

It sounds like you are anticipating REGRET over selling early or a small loss from current paper profits.

Find something you would like to buy.

Find a way to be happy with cash.
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