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Originally Posted by mayday9
Averaging down on a stock that triggered your stop loss limit is not a good idea.. instead of cuting your losses, you put more on the stake because your mind just doesn't want to let go. You should really stick to the 2% stop loss rule because it's a good one. Also you shouldn't wait for the next day's open to sell. When -2% is hit just let go of it. There's plenty of other fish in the sea.
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You have to understand that this guy does not have a clue on what he is doing. He puts up countless rules to follow and he breaks at least one everyday. He claims to make money on 4 of 5 stocks he buys but he is losing on every stock he has picked since he started this thread except one.
Look at his thoughts on VASO. He does not have a clue.
Remember, a broken clock is right twice a day so when he finally gets one right he will be thumping his chest and telling all of us on how great he is. Don't you notice that when he loses on a stock he has an excuse....I averaged down. He never mentioned he would average down after losing 2% until he was losing 13%. He never mentioned he would sell the next day if he was losing more than 2% until I called him on it. He claims he sells on the open the next day. Now that is beyond stupid.