Apps mentioned linked here (with free stocks): ► Claim a free stock with Robinhood: bit.ly/DIROBIN ► Up to 12 free stocks with WeBull: bit.ly/WeBullDaniel
Most stocks are too volatile, and also most brokerages don't execute your orders fast enough during extreme volatility, so you can end up losing more than you intended to lose by attempting to use these orders. They aren't fail-safe.
Personally, I have used this method for short term investments because it’s less time consuming as a day trader. (I rarely day trade anymore). (And I love, always, volatility).
@@miles2309 so idk much abt investing but if you invest in and eft and one of the stocks in the eft crashes (bc efts are just a group of stocks right?) does the entire eft lose value bc i’m rlly confused
@@miles2309 Do crypto. It’s “degenerate” u til you realize it has the highest potential ROI of any asset class in history. Only problem is that 95% of them suck and you have to do heavy research. But if you get it right? You’ll never have to worry about money every again. I took that risk and man am I happy about it. FYI: everything is down right now. The move is to dollar cost average for another year+ until stuff goes back up. A good crypto to start at is Hex. Awesome community and the founder is a walking W - look him up, name is Richard Heart.
I use this strategy often but trailing stops are bad. Place your exit order at your minimal acceptable loss. Once you are in the green move up your exit order just above your entry. Ride the gain and exit when you have hit your profit target.
What you do is when you finally decide it is time you want to sell, Then you set the trailing stop loss. That or you set a large percentage, but I don't like that method personally.
Just make it auto sell if it a) goes to your amount you put in or b) if it down to a certain amount above the amount you put in, so you only a) don't lose at all or b) make a profit that you set.
Yeah but this theory only works if it goes up by $50 before losing value every single trade… makes zero sense. Most of the time when your place an order bots leverage your order and sell for profit instantly therefore limiting your gains and maximizing your losses long term.
When I use this method, it is always on growth companies. And also, I think my stock prices are also above $50 per share. I set a bottom sell price at not more than 10% off my buy price.
Yea, you really should make sure you know what you're doing before implementing a trailing stop loss because most of the time other investment tools make more sense.
So an absolutely no clue guy here, why not set it to sell automatically based on a few conditions, like if drops certain value during a certian period of time. Or set a limiter, and if the stock seems to fall close to that limit, sell it, eg buying for x, and sell at x+50 on a downward trend?
This only “works“ in crypto. When trading is stopped over night or over the weekend. The opening price on Monday can be more than 50$ lower than on friday. (This means you will have a bigger loss than 50$) In crypto this would work because the market never closes. (Assuming there is enough buy side liquidity, which there likely is because anons size is not siz lol)
Honestly, if I were holding a stock and it where to suddenly go down a significant chunk without anything happening that would actually ruin the company, I'd be thinking it's time to buy more of that stock!
I bought a few stocks on wealth simple ,but I cant realistically see myself making any money because if the stock drops I will probably get scared and sell and if it goes up I will probably sell on the Hope's it goes down just to watch it shoot up to the moon
Could someone explain simply why please? To me it seems sound. I buy $1000 of a stock, I set it to sell when it drops by $50. So either it drops straight away and I lose a maximum of $50 or they go up and when they start to drop again it auto sells and I’ve hopefully made some money?
@@seageo4303 trader looking for price of stock and put money for short term. investor looking for value of company not price and put money for long term
@@갓입자 Ah. I can buy that. Sometimes traders accumulate stocks for the dividends. And because they want to avoid capital gains taxes in the USA, they will not sell the stock. And so they just keep buying more and more of it. I think Wells Fargo (NYSE: WFC) is a fine example.
“Financial speculation involves trading an item that carries high levels of risk with expectations of significant profits.” Everyone that invests successfully should probably include some kind of speculation in their portfolio. This can probably include anything from penny stocks, to risky real estate.
@@seageo4303 buying stock for dividend is stupid for long term. Most important thing is value of company. Good company will bring more money and more divdend in future. And If they want buy stock for dividend they should buy real estate Etf.
