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View Diary: Kitchen Table Kibitzing - 3.3.14 Are your investments going up in smoke? (120 comments)

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  •  me or Kane? (8+ / 0-)

    No, neither of us has a hard stop loss in.  I've taken some of my profits, so now I'm playing with house money.  He has a larger position and is letting it ride.

    I'm very cautious, he likes to live dangerously.

    Hence inviting me into his home.  Now he can't get rid of me.

    There is no snooze button on a cat who wants breakfast.

    by puzzled on Mon Mar 03, 2014 at 06:38:44 PM PST

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    •  ...get him to put a... (5+ / 0-)

      ...how do I say this delicately?...A fucking stop loss in place!

      Many of these individual "companies" are penny stocks. You know what that means...

      Ignorance is bliss only for the ignorant. The rest of us must suffer the consequences. -7.38; -3.44

      by paradise50 on Mon Mar 03, 2014 at 06:59:39 PM PST

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      •  No stop loss (5+ / 0-)

        But I watch it every day. Most hours that it trades. And I do have a price target. Wanna guess what it is?

        •  ...the moon... (1+ / 0-)
          Recommended by:
          underTheRadar

          ...put a damned stop loss on the fucker...and put a "price realized" fucker on it. Take profits! Then reinvest.

          If the stock you bought reaches what you paid, take it. All future gains are profit. Don' t fuck with the seed money if you can it it back...and then watch. After that point, it's play money. If you lose it all, still no loss...except for the anxiety...

          Ignorance is bliss only for the ignorant. The rest of us must suffer the consequences. -7.38; -3.44

          by paradise50 on Mon Mar 03, 2014 at 07:47:33 PM PST

          [ Parent ]

          •  heh (1+ / 0-)
            Recommended by:
            Kane in CA

            "seed money."  I'm betting his target is....

            wait for it....

            $4.20!

            This is what we do all day long.  No anxiety usually.  Except maybe Tesla.

            I usually buy, say 200 shares, sell 100 when it reaches my first target, and let the rest run, with a stop--mental, not physical--of my entry price.  As long as you know what your risks are, and on a stock bought for 17 cents, your risks are pretty low, it's manageable.

            YMMV

            There is no snooze button on a cat who wants breakfast.

            by puzzled on Tue Mar 04, 2014 at 07:05:14 AM PST

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