ASX Today, page-62

@Northen_munky
@Ondie

Here is something I wrote on another posting where someone suggested using stop;

"It's always served me better to use stops and then wait for a bottom."

"Shouldn't there be a caveat on that - eg "reasonable stops"? As you are no doubt aware that sophisticated traders use stops to flush out the nervous by dumping shares cheap and then buying, catching many out."

New comment;

The problem is just where do you stop, especially with penny stocks? If you are in at ten cents and stop at nine, it would not be too hard to beat it down from eleven or even twelve. And before you know it, bam!, computer trade has it back up to thirteen or fourteen and you are out.

Best keep an eye on it or be prepared to set a realistic stop of half the investment. But hey, I realise everyone has their own circumstances and reward/risk profile.
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