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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If you are in for the the long term I would not do this for all. Maybe one or two but then I would tend to put a sell at a price that is higher than the current market and maybe move it up as the market goes up. In short I want to get out of the investment. I could see a stop loss on these.
My problem with the stop loss is you will not know when to get back in the market. Also remember you stop loss stock can sell below the price you specified.