Quote:
Originally Posted by 44Apple
Do you tend to use stop loss orders?
I'm thinking of listing one for each of my etfs at the 10% loss point.
Seems like a holding could drop 10%, be automatically sold and then rebound the next day/week by a quick 8% or so and then I would be missing the rebound.
Thoughts?
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10% may be a little low you may look at 15%-20%. It really depends how much gain you have in them now. With a stop you want to capture some of your gain not just your principal. With 10% in todays market it may hit in the morning and bounce back up before the close.
Just be sure you are holding on to the gain you are wanting to keep.
Yes stops are a great idea