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Strategies & Market Trends : Underexposed Technical Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Underexposed who wrote (687)	12/20/2019 10:06:18 PM
From: kimberley	Respond to of 914

Thanks, UE, that was a clear explanation - I should have said limit stop, because that is what I use as well. I had to train myself to use them...I would tell myself I had a mental stop loss, but then emotion would kick in and while I'm debating all the pros and cons in my head, the stock may fall another chunk! I usually give myself 10% under support...if support is at $30 I'll put it at $27. On days where I'm trading and watching the market, I may decide to sell anyway based on the bigger chart picture. I also have alerts at resistance points, so I can watch the reaction - if rejected I usually sell and wait for the pullback. I was just curious how everyone handles it...because I trade a lot, I abhor taking a loss. I go by the saying "let your winner's run, and cut your losses quickly" It also depends on what account I'm in...if it's not my retirement account I'm not as quick to sell because of tax implications, but I still won't sit on a falling stock very long. I can get very emotional about stocks - maybe a women thing? so I have to have hard rules to keep me disciplined. I like hearing how others handle it. Thanks for everything you do...you are such a source of knowledge for me! I hope you have a very Merry Christmas and a wonderful New Year! Best, Kim