MooHumor: Exit strategy
"Life is like a box of chocolate. You'll never know what you gonna get."
— Forrest Gump
That's why people should always leave the back door open. It is like Rule #1 to follow while trading.
Always takes the best and worst probabilities into account so that investors can make an informed decision.
Now let's see how mooers set their stop loss/ profit taking strategy.
(Maybe some of them are the result of not using stop loss)
@pafiak : $Bed Bath & Beyond Inc(BBBY.US$ So about that BBBY news today
(Maybe some of them are the result of not using stop loss)
@pafiak : $Bed Bath & Beyond Inc(BBBY.US$ So about that BBBY news today
@Woolybully: Officially Banned for 90 days for day trading $Bed Bath & Beyond Inc(BBBY.US$ $AMC Entertainment(AMC.US$ $GameStop(GME.US$
@pafiak : $Bed Bath & Beyond Inc(BBBY.US$ Come join us
@LeicesterM : Tomorrow we’re either going to get a lot of loss porn, or gain porn. Either way, we’re getting porn. $Bed Bath & Beyond Inc(BBBY.US$
@pafiak : Big news Wednesday, LFG guys!! $Bed Bath & Beyond Inc(BBBY.US$
@BigJoey : Ape reasoning on an ugly looking morning $Bed Bath & Beyond Inc(BBBY.US$ $AMC Preferred Equity Unit(APE.US$
@yeftern : $NVIDIA(NVDA.US$ $Bed Bath & Beyond Inc(BBBY.US$ With regards to recent NVDA massacre…
@LeicesterM : Apes whenever there's a red day.. $AMC Preferred Equity Unit(APE.US$ $AMC Entertainment(AMC.US$
@MindOverMatter : the market right now $AMC Entertainment(AMC.US$
@Felix py : $SPDR S&P 500 ETF(SPY.US$ let that market rsi cool off and drop like a bag of bricks
@elegant buffett : $SPDR S&P 500 ETF(SPY.US$ remember when you could throw a stone to pick any stock and it would go up?
Ok, now do the opposite.
Ok, now do the opposite.
This week, we'd like to invite you to comment: Use an example to illustrate the importance of "stop loss."
We will select 20 TOP COMMENTS by next Monday.
Winners will get 88 points by next week, with which you can exchange gifts at the Rewards Club.
*Comments within this week will be counted.
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That's all for this week. Peace!
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Violets : I'm definitely going to start though
Syuee : Stop loss is the backbone of any successful trading / investing journey. It is a must-use tool for anyone wanting to make sense of trading.
It tells us when we are wrong and right about our analysis. If stoploss were a God, investors would worship it !
Humans are emotional animals and we typically act on sentiment.
People who learn to use stoploss effectively know they have a proven and tested strategy, because they acknowledge that their strategy is not 100% accurate and they have to reduce loss when the market goes against them.
It is the same like using a parachute when you jump out of a plane, isn’t it?
In trading / investing, we have to be defensive and aggressive at the same time.
If you are not aggressive, you are not going to make money, and if you are not defensive, you are not going to keep the money .
$Palantir (PLTR.US)$
#AlwaysProtectYourCapital
GoLeopard : This is the first thing to remember when trading stocks. If you're going to plunge into the sea, wear a life jacket before your do so.
rennymc Syuee: You have the best, most informative and positive responses of anyone on this app! Thank you for your wisdom and Zen. Is there a place to learn about stop losses and how to use/set them on moomoo?
HuatLady Syuee:
HuatLady Syuee: As seasoned investors, it is vital that we should have a solid Stop Loss and Profit Target plan, pending on our personal investment style and financial goals.
Milk The Cow : Can't really think of an example to illustrate the importance of "stop loss" ...
, eg. u are pouring soya sauce directly from the bottle to marinate ur chicken 
meat but opps, 
my hand slipped & accidently poured in too much.
️ & drain out the excess soya sauce from the chicken meat 
& re-used it on another dish 
.
.
? Common, it's just an example to illustrate the importance of "stop loss"
. Of course u use a tea spoon 
or table spoon. Well, the pro chef 
will just use estimation pouring from the bottle 
.)
(NOT an advise 
).
, me included sometime. Trying to do better 
.
Let's see
What will u do?
1. Stop immediately
2. Ah, whatever, already gone case liao, might else pour the whole bottle in & throw away the whole dish & eat cabbage for dinner
(In the 1st place, why so stupid to pour directly into the main dish
Same as stock, u can sell "stop loss" by selling away junk stocks that dragging ur portfolio down & buy in on strong company stock that is unlikely to fail in the long-term
Not a lot ppl can do this
Syuee rennymc: Only doing my bit to contribute within the MooMoo Community. Thank you !!
)
As a trader / investor, one have to be aware that literally any trade can go against us, no matter how confident we are about it.
This is why we always have to know where we will stop out, if things go wrong.
In other words to protect ourselves, we have to use a stop loss.
Not cutting losses, holding and hoping the trade comes back is one of the most common mistakes that traders make.
Yes, the trade may come back once or twice and we may make money that way, but it is actually very bad for our development as a trader / investor.
The reason is that we will learn the wrong lesson.
Next time when we try to do this and the trade doesn’t come back, we will either become a bagholder or even worse, blow our account.
The point is both scenarios, lead to disaster.
This is why we should always use a stop loss and cut losses, on time.
The safety of capital should always be the first priority !!
Trading without a stop loss is like driving a car without brakes, isn’t it ??
I may not be the best person to answer your question, as I usually do my own calculations and set manual price alerts to trigger my attention for stop loss.
I believe I am the master of my fate, so I have not tried using any trailing stop loss limit order feature yet.
(Truth is : I enjoy smacking the “sell” button
Should you try out this feature, please share the experience with me ?
Syuee certainly has lots more to learn !!
Syuee rennymc:
Hope these links help in some way :
https://www.moomoo.com/sg/support/topic5_104
https://www.moomoo.com/community/feed/105401677185029
https://live.moomoo.com/course/content-detail?course_id=1343§ion_id=2109430087&type=1&open_type=graphics&source=course&redirect_url=&skintype=3&clientlang=2&clienttype=52&user_id_type=3&clientver=12.30.7608&is_visitor=0&data_ticket=3ebd36b8b2c8df8284867b5ef426dd31&main_broker=WwogIDEwMDgKXQ==&user_main_broker=WwogIDMKXQ==&lang=en-us
KT88 Syuee:
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