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88E

20.0%

0.2¢ 88 energy limited

Stop Losses, page-79

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centro11

2,765 Posts.

286

24/06/16

14:20

Post #: 18114373
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Originally posted by notty_investor ↑

Stop loss is my favourite topic. It gains significance if investing in specky stocks. I have noticed on multiple occasions and in many different stocks I own or used to own, SP would fall down to the stop loss set (usually -5% standard from the last support level). ALGOS and BOTS are smart enough to know that we are dumb enough to set our stop losses at these levels. And most get caught out with their pants down. Then, there are smart investors who set their stop losses at 50% fib retracement levels. Again, on a daily trade, the SP falls down enough to gobble up those shares and then bounces up. This leaves little smart investors with their pants down again. Then, there are extra smart investors who set their stop losses at just below 61% fib retracement levels. Guess what, they get gobbled up as well leaving those extra smart investors to look at the chart and scratch their heads thinking they'll come with a better idea next time. And then, there are very very dumb investors like me who don't put any stop losses at all (atleast for a specy stock and that too after doing months of research). I'm hoping to catch ALGOS and BOTS with their pants down in June next year when the Ice 2H results are out. Just IMO and my way of thinking. GLTAH. Cheers, Notty.

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What if you had your stop loss at 7.6c (-5% of 8c)?

88E Price at posting: 3.1¢ Sentiment: None Disclosure: Not Held
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