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Old 05-06-2010, 02:31 PM   #61
Wraisil
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Join Date: Apr 2004
Location: Acworth, GA
Posts: 216
My Ride: 2010 Infiniti G37
Quote:
Originally Posted by 01330cifirstbmw View Post
quick question, do you sell all your stocks at this point and take a huge loss or hold on until they rise again when dealing with long positions? I'm thinking keep them since they are bound to go up again but is this right? Been new to the market (6 months) and have been doing well so far but these last three days have been murder... also due to my schedule, I can't check the market until the last two hours of trading if that helps...
All of my trades have entry points, exit goals and exit stops. If it is doing well I'll move up my goal and my stops. I've been stopped out of everything I had this week but all at a profit.

I use bracket orders to enter any position, it includes an entry price and once executed automatically enters a stop order to minimize losses and a limit order to sell if my target is reached. If I move my goal up I also move my stop up. I never move my stop down.
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