Stock market dealing

[Arbu]

A trailing stop loss would have done just what your friend did with his nvidia. It would have closed me out at a loss at 3:20pm. Or, if not, at much the time that I did in fact close it out when it made the big move down to 254.

 

[Justin Passing]

Just found this:

You did mention an insurance stock a while ago, but no way to know which stock it was.

I omitted the name it's true . There was not " no way". 20 seconds with a stock screener would have found it or thers like it.
IGI International General Insurance
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A trailing stop loss would have done just what your friend did with his nvidia.

Not at all.
Completely wrong, look again.

A trailing stop couldn't have got you a lower price than you did unless you'd set it very tight. If youwait untill it's cleared yo know you won't lose.
You sold absolutely at the worst point of the dip. It would just have been possible to set the TSL distance such that that would have happened, but tighter and you'd have sold for more, or looser and it would have carried on higher.
IG claim they have ATR trailing stops, which improve the odds.
What you did was what the guy with the NVDA did - "Oh it's gone down I must sell it and walk away". The walk away bit is what confirms the loss.

Sure that could be the start of a long term humungous dip, but if it's an "inside" day or in a rising trend that's unlikely. BTC was on an uptrend.

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Several things I hold are down right now - tech and gold. I'll hold for now. India is showing signs of carrying on the uptrend so I have a few % there. Gawd knows how long we'll be in the middle of US Electon choppiness for.

I have some biotech , softwares and financials too.
Several stocks are below their 50 MA.
There are lists online - Forbes etc. no they are not advice.
SMCI is down due to accounting "fraud", they may well recover.

Forbes:

9 Best Stocks To Buy Now​

Company (Ticker)	Forward P/E Ratio
Spotify Technology S.A. (SPOT)	20.9
The Progressive Corporation (PGR)	8.6
Alphabet, Inc. (GOOG, GOOGL)	13.2
Intuitive Surgical, Inc. (ISRG)	52.2
Tapestry, Inc. (TPR)	12.3
TopBuild Corp. (BLD)	18.2
Citigroup, Inc. (C)	50.8
The Kraft Heinz Company (KHC)	8.7
Fidelity National Information Services, Inc. (FIS)	18.4

Best Cheap Stocks of November 2024​

Company (ticker)	% Below 52-Week High
ExlService Holdings, Inc. (EXLS)	13%
O’Reilly Automotive, Inc. (ORLY)	16%
MSCI Inc. (MSCI)	20%
Inter Parfums, Inc. (IPAR)	26%
Kinsale Capital Group, Inc. (KNSL)	29%
The Bancorp, Inc. (TBBK)	31%
Super Micro Computer, Inc. (SMCI)	37%
NICE LTD (NICE)	38%
Globant S.A. (GLOB)	39%
Paycom Software, Inc. (PAYC)	61%

 

[Justin Passing]

There are some interesting charts w r t elections in this yotube, from Michael Nauss from about 08:42 on their clock bottom right

 

[Arbu]

I don't think IG have ATR trailing stops, but sure, you could use ATR to set the stop. Trailing stops have to be added when you open the position, but I could get into the habit of doing that. I'm very wary of providers just widening the spread to hit stop losses though, as we've discussed.

I don't know why you like Michael Nauss so much. I thought he was going to talk about market manipulation which lots of people say we've just seen, but instead he gave some rather nerdy statistical analysis of what has happened around previous elections.

 

[Justin Passing]

MN is a good chart analyst. KNowledgeable, diligent, honest...
I've probably made 3 figs of k based on what he's pointed out.
Nerds get rich.... Like Bill Gates said, he's a nerd. MN is a rich nerd too.
I will take notice of the info he gave, plus what I found already re elections, in the next few days.

Using SMCI right now, mentioned above, up today from 24 to 28 so far.


No you can't set your own ATR stops

 

[Justin Passing]

Then there was Trump Media for another 16%. Delighted to take some money off the bloke. The best was when it was going down