RE: No news13 Mar 2023 18:24
@NewDealz,
Stops are a necessity for traders, even if it's a mental one, simply because of the compounding effect a loss can have on the gain required to recover said loss.
If a stock drops 5 % then a 5.3 % gain is required to break even.
10 % it's 11.1 %
20 % becomes 25 %
50 % becomes 100 %
75 % requires a 300 % gain just to break even.
This is the main reason why around 80 % of spread-betting and CFD accounts lose money and blow-up over-time, as they become emotionally invested and married to a losing position.
Stops are also required because a lot of traders, especially professional traders are more often than not trading break-outs from a high, rather than bottom fishing, trying to catch a falling knife in an attempt to time the bottom.
Agree with what you said about the @AIM market, that is a casino and one where you can hit the jackpot but it's also one where you can easily blow-up your account overnight, especially if you hold into results.
@Anger.
Now you're resorting to outright projection.
The sole intention behind your @9am post was some feeble attempt to bait me, for something I posted on Friday.
You're now resorting to the same petty approach that the other resident clown has done in the past and attempted to do again in November 2022, after the price spiked to 250. During which he attempted to mock me for selling @207 and @225. I did try and inform said clown I put that money into ITV @68p which prior to Friday was trading around @88p, even at today's close of 81.67 represents a gain of 19 % on said trade. Had I kept those funds in IDS, those same funds would have increased by less than 1 % at today's closing price of 220.8.
That represents a 19 % swing in my favour, plus I bought a tranche of RMG back at 220 today, and with that one buy I am 100 % certain I have more skin in the game here than you do, only I don't need a 50-100 % price increase to break even.
For the record I have also posted more live trades both buys and sells than any other poster on this board, and probably more than everyone else combined. Which highlights where I think the market is heading at any given moment, I even showed a profit on IDS during 2022 when the stock declined by 60 %.
There is a reason why I don't share charts and technical analysis as I once did, and it primarily because of people like yourself.
1000's of hours and over 2700 posts you have put into this board in an eighteen month period, during which time you have berated anyone who has a differing opinion, called posties thick as ****, and also one when you have incurred significant losses.
As another poster tried to tell you in January those posties you were calling TAF, have traded this stock more effectively than you as have I.
I am more than happy with my buy today and will continue to add on any weakness.
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