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Strategies & Market Trends : You buy a stock. It goes down, now what?

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To: Bald Eagle who wrote (2)7/7/1998 11:52:00 AM
From: Investor2  Read Replies (1) of 112
 
Re: "I've had bad experience using stops. Too many times I saw the price drop down to my limit price, my stock gets sold, then it turns right around and heads north again."

What percent drop did you use to set your stop loss?

Re: "Doubling down? I've done that, too. Sometimes, it saved my butt, some times it got me deeper in the dudu."

I've had some bad experiences with doubling down, as well. It is essentially trying to correct a mistake by buying more of a losing stock. However, it seems that it is very hard for me to restrain myself from doubling down. For instance, I'm considering doubling down on ADPT, despite my generally bad luck using the doubling down approach.

In short, I don't have any answers to your post #1, but I certainly do need to find a method that works for me.

Best wishes,

I2
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