“QQQ is a gentle way to ride the up market, but if the bear starts to eat or the black swan flies... watch out.”
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I started using tight stop sells (too late in life, sadly) on my holdings, usually like 1-2% below the purchase price. If the stock goes up, I move the stop sell up along with it. The stock gets sold if it drops below the stop, and I have saved some considerable losses that way.
Trailing stops can be a great tool, but I’v seen a lot of folks get taken out in stop loss raids just to have to buy back in at a higher price.
Ever seen a quick drop right before a moon shot ?
stop loss raid.
So what are you looking at / holding ?
Where is this market headed?
Throw me a bone ....