Was surprised there was no previous thread.
I'm thinking about buying some G tomorrow (100 shares).
Thoughts?
I'm thinking about buying some G tomorrow (100 shares).
Thoughts?
If you had of just bought and held those 300 shares until today you could have sold for a $600 profit! Stock is headed up up up today.cannadian, go check the "What are you buying" thread.
I made five profitable trades on Goldcorp today.
I understand what you are trying to say in regards to your downside risk versus your upside potential, but the problem is: That's a fact.
That fact isn't going to change. That's the way the stock moves/reacts. I just think by placing a stop loss at ~$43, you are shooting yourself in the foot. If you bought at $45, why wouldn't you buy at $43? If you're going to buy at $43, why would you stop loss $43?
If you were concerned about losing funds, you should have put a stop loss maybe $0.50 cents away from your original buy, not $2+.
What happens if Goldcorp dips to $42.85 and then shoots to $49? You will be pissed.
See the image below: