Do you think folks our stop on AEZ was kind of stupid? We saw the stock hit $5 intraday and then wait for it to tumble to $3.69!!! This is an extremely large spread. The reason you buy stocks is to make money. The way you make money is when a stock goes up. If the stock changes the momentum while you're in profit, and goes steeply down, doesn't it defy the original plan, "to see the stock grow"? AEZ sets a particular example, it is very volatile, but it gave signals by showing, "I am sliding, sell me". Instead of a break even scenario, we lose 13%. Not that much, but all trades lately have been in the similar mode. Buy, hold, sell at 20% loss; buy, hold, sell at 25% loss. Since market is so volatile these days, can't we try to determine a bit earlier that a particular trade is turning sour, instead of waiting it to hit the low-low mark?
For example, GST is set sell if hits $1.8. That is ~30% below where it is now. Won't you be able to tell sooner that the trade isn't doing what it's supposed to? I'd rather buy and sell several time before seeing a stock bring in profit, than sit and wait for my 25% loss to come.
It's been pretty frustrating this year, since the loss has been the largest at 3SOF so far and I do not see a clear way of rectifying the situation. My capital is drying out and soon I will have to stop any activity at the market to simply preserve what's left.
Berloga- unfortunately your sentiments have been my thoughts over the last 3-4 weeks also. I have watched my 401k and my personal brokerage account fall like a rock. I have been a long time subscriber but I fear that if the current market and site trends continue I will seek a change in the future.
A similiar situation just happened with MELA with a stop at 7.15 and it closed the day at 8 up nearly 10% but taking out the 3SOF stop! very frustrating-makes me respect David's philosophy of intra day NOISE.