If you use stop losses then you are essentially gambling

I guess @Darc resigned from Elite as the new sheriff and went off on stress from this thread’s madness? My guess is he has a new found respect for Lord Dest and Sir Overnight now.

 

Then according to your thinking you are missing opportunity and losing money every day.

Out of curiosity when did you close your positions and why? I believe that the reason for selling is just as important as the reason for buying.

 

Too bad no YouTube then or I could be a YouTube star!

From 1998-2000 I was printing money with trading dotcom stocks and I thought I was a trading wizard, fully invested and compounding, didn't take any $ off the table.

Then came 2000. The only stocks I owned not became worthless were MSFT & CSCO. CSCO was the NVDA of 1999-2000.

Still own MSFT, with a cost base of ~$20. But for years made nothing from MSFT. Then after Balmer quit .....

 

I sold my INTC and MSFT and bought NFLX and ISRG 2002. Averaged up instead of buying dips.

 

Those evil Market Makers love cleaning out stops and push the stock up once they tricked us. 1991 Harvey Houtkin and Broadway trading philosophy all over!

 

What happened to AMC? I was selling puts in it last year I think.

 

I close trades based on ta when I believe the extended wave is exhausted and fibonaccis etc. same reason I buy. I'm either accumulating for distributing and I don't start distributing until I finish accumulating.

 

I have the same story although not the same stocks. Nortel. Research in motion.
The tech wreck was the reason I stopped being an investor and became a speculator.
I started using stop losses. In reality they don't stop losses they guarantee them, but you get to control the size.

 

What about your ETFs. When did you close them out?

 

I do remember when I was young, I was fearless, master of the universe.