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No, they stop hunt their way to depressed prices where they then buy anticipating the recovery while you closed out your “safe” retirement positions at -15%.
by svnt 7mo ago
No, they stop hunt their way to depressed prices where they then buy anticipating the recovery while you closed out your “safe” retirement positions at -15%.
- thfuran 7mo ago>while you closed out your “safe” retirement positions at -15% User error
- svnt 7mo agoIt’s funny and also disadvantages everyone who can’t trade 24/7. Win/win?
- kortilla 7mo agoYou don’t put stop losses on retirement positions. That’s an incredibly dumb thing to do for long term investors. It’s literally a “sell low” policy.
- svnt 7mo agoYou use a trailing stop loss. You get closed out 15% down from the top, not 15% down from purchase. The alternative in a 24 hour market is worse — the news of a real event hits and by the time you wake up and respond you’re down 50% or more and the stock isn’t coming back. This policy change is to hunt profit from a safety mechanism used by retail traders. It is something that should yield a lot of profit for 24 hour trading systems during a downturn.
- kortilla 7mo agoYou don’t put stop losses on retirement positions, period. Doing that literally any time in the last 30 years would have been a dumb idea if you weren’t retiring in the next year. You would have gotten stopped out and then what? What magic crystal ball do you use to decide to get back in? Look at the violent downturn during COVID. You would have been stopped out and then likely would have taken a loss and missed one of the largest bull markets in history. Stop losses with or without trading are for day traders.