Originally Posted by lewdog:
What are your guys recommendations for placing Stop loss orders on securities where you've made a decent profit from you initial investment.
I bought into Canopy Growth at $8. It's currently trading around $21. Where would you place a Stop Loss order to lock in profits? It's a volatile stock that I could see having large swings based on more/less regulations. Should I consider a Stop loss around $16 where I could sell my shares for a double profit if it dropped. I could then consider buying back in at a point lower than this if it kept declining for a while?
What are your strategies for locking in gains using Stop Loss orders?
If it's a stock with a lot of upside potential consider selling half now, then a stop loss for the rest can be something lower. Remember you don't have to be all in or all out. [Reply]
Originally Posted by petegz28:
Looking at the chart, $16ish is not a bad area
Originally Posted by EPodolak:
If it's a stock with a lot of upside potential consider selling half now, then a stop loss for the rest can be something lower. Remember you don't have to be all in or all out.
Good information. Thanks.
It ended today above $24. Up 25% the past few days. :-)
Originally Posted by Hog's Gone Fishin:
Ended up 168% , Got in late and claimed 38% It didn't pull back at close so could possibly make another bull run tomorrow.
Or it could Tank.
WATT was up another 38% today. Afterhours it's up another 5% which means it MAY have another run in it tomorrow.
There is a new weed index ETF available on NYSE too, mjx. Dunno, if it's great or not.. only 30 something holdings and I think it rebalances every quarter which seems slow for a fast moving industry. [Reply]
Those are gains last 30 days. Looks like the upcoming legalization of medical MJ in Cali and Canada is spurring.
Spent a crazy two weeks trading pot stocks in the run up to legalization in Colorado. Unbelievable volume being going back and forth during that time. A lot of money made and lost. Only one of those tickers that was in demand back then was Terra Tech (TRTC). Still keep my eye on that one. [Reply]
End of year selloff mostly went right back into last year's growth sectors China, semiconductors and tech a bit.
I sold some things off completely and reduced others towards the end of year. 8/16 positions in my taxable account were up 3.89% or more today. :-) Very nice! Alibaba and Micron were two that have been discussed here.
jnj was my only down position
Tons of talk of a big Intel bug the last few days that could be damaging; if you have a significant position you may want to reduce [Reply]
Those are gains last 30 days. Looks like the upcoming legalization of medical MJ in Cali and Canada is spurring.
Those stocks all got crushed today thanks to Jeff sessions. SO it created a huge opportunity to buy in if you're in that camp that thinks they're here to stay. NOT RECOMMENDING! Just FYI. I grabbed some at 50%off. [Reply]
Originally Posted by Hog's Gone Fishin:
Those stocks all got crushed today thanks to Jeff sessions. SO it created a huge opportunity to buy in if you're in that camp that thinks they're here to stay. NOT RECOMMENDING! Just FYI. I grabbed some at 50%off.
Lewdog was telling me I should invest here the other day. I didn't. Now I will. [Reply]