General securities trading and discussion

Footer Phooter · Dec 24, 2005

Just bought some shares of PainCare Holdings. PKZ.

prk166 · Dec 26, 2005

Dammit! said:

I'm looking for bottoms because I read that it's the least dangerous way to go. However, my problem so far has been my stops. I try to keep it tight and I've gotten stopped-out on positions too soon, on dips in the price intraday. Arrgg... I lost some money on those. Is there any way to set stops only on end-of-day prices?
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Seems to me you're answering your own question, you're setting your stop too tight before you're ready to get out of the stock. As you get ready to sell it off, that's when you'll want to bring the stop in their tight. If you look at a lot of stocks, there are some big jumps up and down during the day. There isn't a lot of volume but there can be a very short amount of time when a stock my drop a dollar or two. Maybe some big investor sold a chunk off. Or maybe a bunch of yahoos just dumped some or bought some at market (doh!). Whatever the cause, you can see them in graphs. So when you set your stop, you need to keep those in mind. You don't want to loose your shirt if the bottom falls out of the stock. But then again you probably don't want to have the stock sold off when it's just one of those lil temporary dips during the day.

Dammit! · Dec 28, 2005

prk166 said:

Seems to me you're answering your own question, you're setting your stop too tight before you're ready to get out of the stock. As you get ready to sell it off, that's when you'll want to bring the stop in their tight. If you look at a lot of stocks, there are some big jumps up and down during the day. There isn't a lot of volume but there can be a very short amount of time when a stock my drop a dollar or two. Maybe some big investor sold a chunk off. Or maybe a bunch of yahoos just dumped some or bought some at market (doh!). Whatever the cause, you can see them in graphs. So when you set your stop, you need to keep those in mind. You don't want to loose your shirt if the bottom falls out of the stock. But then again you probably don't want to have the stock sold off when it's just one of those lil temporary dips during the day.
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Exactly. I was setting an arbitrary stop without looking at how the stock trades. So, now I'm customizing my stops to the stock and haven't been stopped-out yet (when I didn't want). Thankx for the advice.

MAtt, is it possible to start a thread for "stock-picks" or is that a big no-no?

bostonsoccermdl · Dec 28, 2005

Dammit! said:

MAtt, is it possible to start a thread for "stock-picks" or is that a big no-no?
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I dont see it being a big deal.

If you just explain what you are doing in the thread and explain in the thread that you arent advising, just reporting what you did.

If it gets out of hand for some reason, we can always close it down.

bostonsoccermdl · Jan 10, 2006

Closing this thread since the stock picking one has pretty much taken its place.