OCA - Oceania Group - retirement villages

[nevchev]

Rose 8 cents yesterday bring the gain for just the last month to 28 cents (37.3%) and held its ground today despite the market being down 2%.

Pretty good alright!Patience now becomes the problem.Some down days and a stagnet sp,a thought that youve found the next big thing.........
Buying at a buck?Its a no brainer!!

[petty]

Painful chat from me. Apologies in advance. Baa Baa I’m keen to understand how you decide on a stop loss. I have recently put stop losses on a handful of my holdings (approximately half of my holding in each company).
Naturally nervous that my stoploss is triggered and sp recovers quickly following this.
How do you identify a trigger and how carefully do you manage these?

[Entrep]

The most recent run up in OCA followed these shares pumping. Be interesting to watch today

804CF426-8D0D-44DC-8ED9-FC563F6CFCF7.jpg

[Baa_Baa]

Painful chat from me. Apologies in advance. Baa Baa I’m keen to understand how you decide on a stop loss. I have recently put stop losses on a handful of my holdings (approximately half of my holding in each company).
Naturally nervous that my stoploss is triggered and sp recovers quickly following this.
How do you identify a trigger and how carefully do you manage these?

I'm no expert petty, and there's no hard and fast rules that I'm aware of, I just do what I think is right for each of my holdings, they're all different. I use SL because I am unable to actively monitor the daily price and therefore cannot execute a trade when I might need to. Typically I'd figure out the the usual daily % price swings, and place a stop loss sell 'at market' outside the limit of that range, so for example if usual swing maximum is <5% then a stop loss might be at 8-10%.

I never use stop loss limit sell because the market can drop lower than my limit and I'm left in the ask with a higher price. Stop loss sell at market can also execute at well below the trigger price, it's just a safety net, get out of jail. Because we can't set a 'trailing stop loss' (automatically adjusts the trigger following the price) I check and adjust my SL orders daily after close of trade - yes it's a pain. Depending on the size of the holding and amount of capital gain, my SL order can range from the whole holding, to a percentage of the holding.

Sorry this is so vague but there's no science involved imo, it's finding a SL for each holding that fits my risk tolerance level, which is different for each holding.

[Waltzing]

TA a small pull back which we have had from 1.08 , lucky if we get 101-102.. FEB meeting on and the market is expecting the balance sheet to go to 10 billion. Cant see this stock staying under a dollar for long.

[oldtech]

I'm no expert petty, and there's no hard and fast rules that I'm aware of, I just do what I think is right for each of my holdings, they're all different. I use SL because I am unable to actively monitor the daily price and therefore cannot execute a trade when I might need to. Typically I'd figure out the the usual daily % price swings, and place a stop loss sell 'at market' outside the limit of that range, so for example if usual swing maximum is <5% then a stop loss might be at 8-10%.

I am no expert either, but is this using chandelier exits and Average True Range?

[nevchev]

We needed this pull back in my opinion. Some taking profits and rightly so.So much potential here over the next few years.I for one will not be selling anytime soon.

[Baa_Baa]

I am no expert either, but is this using chandelier exits and Average True Range?

At risk of staying off-topic, no. I said my method has no science, though sometimes I might base the trigger on a technical support. I don't trade shares anymore, so for me this is about last resort capital protection. Maybe start a new thread or find an existing one and we can carry on the chat there.

[Beagle]

We needed this pull back in my opinion. Some taking profits and rightly so.So much potential here over the next few years.I for one will not be selling anytime soon.

Agreed. I have a bid in for another 50,000 @ $1 that only got a partial fill the other day so am first in the queue at $1 for the balance of that order and no way am I giving up that position. Hope I get a fill later today !

[nevchev]

Agreed. I have a bid in for another 50,000 @ $1 that only got a partial fill the other day so am first in the queue at $1 for the balance of that order and no way am I giving up that position. Hope I get a fill later today !

Good luck Beagle!woof woof.I will be accumulating as finances allow