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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With a stop loss and the market volitility each day, it could easily spike down 10% during the day and would then cause a sale of your stock. If you want a stop loss, have it set on the closing price to avoid the interday spikes.