ILoveTDs Account Talk

[ILoveTDs]

Have a trailing stop loss on F, FDX, NVDA, AAPL, and BP

 

[ILoveTDs]

5% stop loss triggered on Ford (F) @ 14.49 a share. Be doing some shopping later

 

[Whipsaw]

I have a Schwab account, haven't figured out trailing stops, etc. Does that have to go in when the purchase is made? Or can it be added later?

 

[tsptalk]

It can be later. I don't use them but I believe you just pick a percentage off the recent highs to use. If it falls 3%, for example, of the most recent high, it will take you out, but that rises as the high rises.

 

[ILoveTDs]

Whipsaw

Just like TSPTALK said, you can set them anytime to sale a stock at X% off the high. The theory is to follow the gains and get out when it starts to drop.

For example, I had one set for NVIDA at I think 5%. It was down 4 something percent yesterday and is down again today, so my account automatically sold it for me, before I got up.

They are easy to set in E*trade and Robinhood, I would assume they are easy in Schwab

 

[ILoveTDs]

Bought some XOM, CNQ, more AMKBY, D, and CALM Monday with my proceeds from Ford sale

 

[ILoveTDs]

Sold call option on NYCB

 

[ILoveTDs]

Bought back Ford at 11.91

 

[ILoveTDs]

Stoped out on FDX today