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54.5¢ slater & gordon limited

Ann: Market Update, page-192

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30/06/15

12:50

Post #: 15554950
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Originally posted by dstambou ↑

Been burnt on SGH. Haven't been setting stop losses (stupidly) for a little while due to bouncing volatility. Kicked in margin call overnight night before last. Ouch. Most positions forcebly closed, only a small parcel still kicking on. Must have triggered at about 40% decline.

Think I just need to use stop losses more, and set a wider stop loss margin in future. Could have avoided the bulk of this pain for a small fee if I had bought in a guaranteed stop loss amount. Lesson learnt, anyway.

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Stop losses won't get triggered if the price opens below your stop loss.

SGH Price at posting: $3.60 Sentiment: None Disclosure: Not Held
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