Talk of The Villages Florida - View Single Post - Question re Stop Loss Orders
View Single Post
 
Old 07-07-2022, 07:30 PM
rjm1cc's Avatar
rjm1cc rjm1cc is offline
Soaring Eagle member
Join Date: Apr 2010
Posts: 2,470
Thanks: 268
Thanked 583 Times in 283 Posts
Default

Quote:
Originally Posted by 44Apple View Post
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?
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.