Saturday, February 11, 2006

no more stop orders?

So I know IBD discourages stop orders, and now I think I see why. It seems like every day a stock will drop and rebound a good bit as a natural part of the cycle. This increases the likelihood of getting shaken out.

I think from now on I'll base my sell decisions on close prices. Although, that could bite me if a stock drops like a rock, so I might still put in an emergency (like 10-12%) stop order.

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