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Member
So far TGR has been doing not too bad despite of the not so gloomy global context. I'm being at +12% at the moment and I'm wondering when it would be a good idea to update my stop loss to not give it all back. Any idea?
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Originally Posted by blu3
So far TGR has been doing not too bad despite of the not so gloomy global context. I'm being at +12% at the moment and I'm wondering when it would be a good idea to update my stop loss to not give it all back. Any idea?
Dont have my chart in fromt of me, but now that it has made another new high it would be a good time to move the stop up to around 4.48 just under the low of a couple of weeks ago
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Member
Oh well... in 2 days it almost went back to my buying point of $4.53... surely this one likes to swing!
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Originally Posted by blu3
Oh well... in 2 days it almost went back to my buying point of $4.53... surely this one likes to swing!
Not sure whats going on there. Stops in danger now, hopefully just far away to be safe
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Originally Posted by ratkin
Not sure whats going on there. Stops in danger now, hopefully just far away to be safe
Tough couple of days. On my weekly chart 4.52 is the 14EMA trigger sell, above the 4.40 support and below the 4.48 suggested stop loss .. which would exit blu3 at a small loss, but better than getting savaged by a larger fall to supports at 4.40 or 4.00 below that. I think we might have just all been late to this party, but a very good lesson in stop losses if it continues to cave in. Who knows, it might bounce off supports ... has anything fundamentally broken? (I don't follow this stock).
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Originally Posted by Baa_Baa
Tough couple of days. On my weekly chart 4.52 is the 14EMA trigger sell, above the 4.40 support and below the 4.48 suggested stop loss .. which would exit blu3 at a small loss, but better than getting savaged by a larger fall to supports at 4.40 or 4.00 below that. I think we might have just all been late to this party, but a very good lesson in stop losses if it continues to cave in. Who knows, it might bounce off supports ... has anything fundamentally broken? (I don't follow this stock).
Oh well , thats me stopped out
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Entry was $4.53, close $4.36, I think everyone is out now on today's rout (looks like a retest coming of the double high '08 / '14 breakout). Did anyone make money? Who lost the least money?
Looking at the course of trades, it seems that the algo's got hold of this around 3pm (Oz time) with a whole series of very small trades, so not a line wipe on the bids, but more a progressive sell down by automated trades. Just a hypothesis looking into the trading data for today.
The effect is similar, it wiped a lot of the bid line. Still a good lesson in stops .. this was progressive selling, so a trigger placement of the stop loss might have got you out in reality, depending of how far below your stops was, but a line wipe would have possibly kept you in, wondering why you'd not been sold into the rout.
It's not simple buy, place stop, exit .. is it?
Last edited by Baa_Baa; 05-02-2016 at 09:11 PM.
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Member
Looks like I've jinxed it... it went on my book from +12% to -4% in a week. But I'm still in for some more losses until $4.23!
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Hoops TA rubbish talk
Last edited by Hoop; 06-02-2016 at 01:17 AM.
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Member
Originally Posted by Hoop
setting a bad example for this thread
Please do not say such an absurd thing again—I'm looking forward to read as many rants from you as possible!
I have been a bit distant from the stock market recently and didn't follow closely what happened to TGR but, even if I did, I probably wouldn't have sold anyways. That's because I don't have your analytical skills yet, and wouldn't have picked all these red arrows (except the MA crossings), as obvious as you think they might be. But I'll get there, eventually!
Now, TA aside, I'm really wondering what has been happening here—is it all due to the currenly weak global markets or did I miss something directly related to TGR?
In any case, my stop loss finally triggered and I'm out. As of now I'm mostly holding cash (~95%) and am only holding a couple of highly spec stocks which are not performing well at all (PRR at -58% and CDY at -42%). Apart of these, which were in the red much before I started to think of using cutting loss strategies, and for which I've got no idea what to do with now, I think I'll stay on the sidelines for a while until the markets start to settle a bit and show signs of better health.
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