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/biz/ - Business & Finance

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422364 No.422364[DELETED]  [Reply] [Original]

>tfw stop loss kicked in right before stock went back up again

>> No.422367

You're own stupidity for using tight stops in a market run by bots.

>> No.422372

>>422367
what's the alternative?

>> No.422405

>>422372
Placing wider stops in a market run by bots?

Seriously though, it happens to even the best traders once in a while. You only worry about it if it's happening to you too often. Then you should work on the better stop placement.

>> No.422407
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422407

>>422364

>> No.422449

>Write your own trading software to monitor your picks and submit orders to your broker
>Always have a stop loss of x-0.001 up on all trades, where x is always the current price
>Never lose money as you exit the markets as soon as there's any downturn
>Software reenters your picks if the downturn was minor, with the same parameters
>Only win money by picking stocks that increase more than they decrease in any day

>> No.422450

>>422449
wouldnt fees eat up everything like that

>> No.422452
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422452

>>422450
>fees
I think you need to find a real broker, kiddo. The only thing I have to worry about is making more money than my flat broker fee.

>> No.422464

>>422449
Stop loss cannot be within a certain proximity to entry price usually, and fees would rape you as the stock rises and falls and you enter and exit tens of times

>> No.422600

>>422449
This is insane. Even if you beat the fees and could trade for free, the spread would kill you in a volatile market.