Quote:
Originally Posted by olliedog1950
I do not use stop loss orders. If you are worried about a drop at least use multiple stop loss orders, say at drops of 5%, 7%, 9%, 11% and 13%. Timing the market is difficult. It would be better to sell after the market goes up 10%, lock in the profit and buy back after it drops back down. Much easier said than done, good luck!
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The problem with this approach is the stock goes up 10% you sell and the stock continues to rise and rise and rise.
Been there done that never again.