# Tfw you forgot to put a stop loss in

eGremlin

tfw you forgot to put a stop loss in

FastChef

where do I learn all this terminologies
I'm a newfag

CodeBuns

Nude_Bikergirl

What is it gonna do, sink you?

iluvmen

tfw you use a stop loss
the stock dips a bit below the stop loss then surges back up again, higher than it was before

Playboyize

S T O P F I S H I N G

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King_Martha

He doesn't use trailing stops.

Skullbone

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Stupidasole

We're you short Gold?

hairygrape

not putting stops immediately after opening a position
Investopedia.com

Techpill

what is probability of touch

Iktf

dead cat bounce fucks me every time.

I no longer use stop losses and I have adopted a buy and hold strategy

Techpill

How do you determine where to put your stop loss?

Harmless_Venom

Actually this!

Supergrass

I sure hope you weren't going short then you're fucked.

LuckyDusty

divide the buying price by two, then multiply the amount of decimal increments.

Works every time

ZeroReborn

then multiply the amount of decimal increments.
Could you give me an example if a stock is 1 dollar a share?

Booteefool

If it was a 1 dollar share, the pip incriments would be something like 1.00000

so that's 0.5*5 so your stop loss for a short is 2.5, so invert that to be -0.5 (which of course is hypothetical).

This only works on up to 10:1 leverage using an account of 1000 or greater value. (don't risk more than 1%.)

CouchChiller

If you put a stop loss in 10% below what your buying price was, and a stop GAIN 20% above what your buying price was, wouldn't you usually win?

MPmaster

no, because majority of your stocks can still go down instead of up. You're assuming your stocks are 50/50

Firespawn

Depends what you're investing in. If you use this strategy on penny-stocks you will be bankrupt within a year. If you do this on a couple of highly """""predictable"""""" bluechips, it might be a decent strategy, but I don't think you'll beat the market with it so what's even the point.

FastChef

I was once 27btc down on an ETH long.

Fortunately i was patient, and ended up closing for a 7btc profit.

RumChicken

What Said
Also a blue chip most likely will take a few years to get a 20% gain

tfw pulled my profitable dollar hedge at 8:27AM Friday morning to protect gains

Would have made like 10x, fuck

BunnyJinx

Investopedia

girlDog

statistically speaking you're more likely to touch 10% either way than 20%