PLS chart, page-173

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JRSelvedge

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28/07/20

13:41

Post #: 46125532
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Originally posted by Guemar: ↑

Easier said than done. Interested in the how?
1. You buy in and put in stop losses. It drops 5-10%(?) lower and you're out at a small loss.
2. It goes higher, and you ratchet up your stop losses. If you are stopped out, you get out at a profit.
In either case, you then need to decide what to do next with your money.
Then 1. or 2. repeats itself.
You do 1. a few times and you can still lose a lot of capital.
In both cases, as (bad) luck may have it, it's just a small dip, enough to stop you out and sufficient to let you miss out on a potentially stellar rise.

Case in point with PLS. Sharing your overall global assessment, weeks ago I decided nothing much will happen here for a while and stopped out a large parcel. Then came the Tesla run, and now the magic PLS recovery while I am patiently sitting on the sideline tightly holding on to my cash so I can buy when the big dip happens. Meanwhile Li 2.0 (or 3.0) could be happening and I'm missing out.

So what to do? Back to LT, look at fundamentals, then hold and forget?

So difficult to protect your capital, esp at this end of the market.
Will be interested to learn from your approach.

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Depends on your capital and investment/trading style and timeline.

Personally I compound my gains by reinvesting... But I’m not a trader and don’t have the time (or inclination) to monitor hourly/daily/weekly changes.

I try to pick great companies with the intention of never selling.

DYOR IMO - not investment advice.

PLS Price at posting: 37.8¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

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