RE: Stop Loss11 Feb 2024 23:25
Starbright - You really didn't have to go into all that mathematical trouble, I'm fully aware of how stop/losses work , are you not listening? I'm fully aware that if the share opens at 20p in the morning, your stop/loss is triggered at that price, every investor worth knows this, or should know.
On the day that this share climbed 120% It was done during the course of the day, not at the opening bell. So if this share were to plummet, I would expect it would happen during the course of the day, not at the opening bell. Lets say I'm busy tomorrow, my stop loss will get me out of the share at hopefully the stop/loss price. The chances of this stock opening 20 ticks down is highly unlikely, so a stop/loss would and can serve as a beneficial and protective tool with this particular share. The fact that you don't like or use them doesn't mean it's not useful. Like I said previously, I don't care what you think or say about stop/losses, they are a useful tool to call on when needed, especially with the busy life I have. I have other things to do during the day, I'm not sitting watching the share price go up and down all day, like a lot on here seem to do. So for me who works during the day, it works a treat to have that option.