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To: wardamneagle
I liquidated positions last week.

That's what stop loss orders are for.

35 posted on 10/12/2020 8:29:46 AM PDT by SirFishalot
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To: SirFishalot

“That’s what stop loss orders are for.”

Stop-loss orders should only be used by those aware of the risks of being taken out of the market on even a rumor.


45 posted on 10/12/2020 9:50:35 AM PDT by TexasGator (Z1z)
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To: SirFishalot
That's what stop loss orders are for.

Dunno if it is still the rule, but back when I was in the market, a triggered Stop Loss executed at whatever the Market bid. If executed during a panic, that offer may be well below what you expected.

Yeah, it was almost a century ago, but I remember reading of a guy who, during the Crash of '29, placed a bid to buy 10 shares of General Motors for $1 each (then at $300 and dropping FAST). No one else was bidding and he got it.

56 posted on 10/12/2020 12:31:37 PM PDT by Oatka
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To: SirFishalot

And that’s your prerogative.
I’m a senior who’s in a professionally
managed account with no stop loss option
option. LOL


57 posted on 10/12/2020 2:43:12 PM PDT by wardamneagle
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