Thread: Money Investing megathread extravaganza
View Single Post
Old 12-28-2017, 07:03 AM   #1575
petegz28 petegz28 is offline
Supporter
 
petegz28's Avatar
 

Join Date: Feb 2005
Location: Olathe, Ks
Casino cash: $2784127
Quote:
Originally Posted by lewdog View Post
What are your guys recommendations for placing Stop loss orders on securities where you've made a decent profit from you initial investment.

I bought into Canopy Growth at $8. It's currently trading around $21. Where would you place a Stop Loss order to lock in profits? It's a volatile stock that I could see having large swings based on more/less regulations. Should I consider a Stop loss around $16 where I could sell my shares for a double profit if it dropped. I could then consider buying back in at a point lower than this if it kept declining for a while?

What are your strategies for locking in gains using Stop Loss orders?
Looking at the chart, $16ish is not a bad area
Posts: 128,000
petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.petegz28 is obviously part of the inner Circle.
     Reply With Quote