Hot stock tips

sold half of my stocks in baytex today, sold half for what i was almost going to sell the whole thing for 12 months ago

I have a bad feeling in my gut so i am rotating some stuff to cash and building up my cash right now.

im starting to get really concerned about inflation and im concerned the government may step in to raise interest rates and people are gonna have a jammer and panic.

food is sky high, gas is high, boats, houses, furniture you name it. Suppliers at work are all jacking **** up giving new price lists out. Im worried were in for something in next 12 months.
 
Rain City said:
Dammit. Keep taking profits from AMC and now I don't have enough to enjoy this ride lol. Can't complain I guess it was a fun trip. If there's a dip I'll probably
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Rain City said:
Dammit. Keep taking profits from AMC and now I don't have enough to enjoy this ride lol. Can't complain I guess it was a fun trip. If there's a dip I'll probably re-enter.
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I'm holding. Gonna ride this for a while yet. Pretty amazing feeling when it goes on a run.
 
Newf said:
For those talking about exit strategies I was wondering if any of you use trailing stop losses to secure some of the gains should a stock take a dive? I use it occasionally but was thinking of using it more on some of my oil stocks.
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I use them on up to 25% of some stocks I hold that I trade a bit, it allowed me to clip some some nice gains on wef as soon as lumber turned south, I mostly use it on commodity stocks but not really all that often. I also sell covered calls when some of my keepers get overly frothy. I'm looking at selling some right now actually, lol.
 
Newf said:
For those talking about exit strategies I was wondering if any of you use trailing stop losses to secure some of the gains should a stock take a dive? I use it occasionally but was thinking of using it more on some of my oil stocks.
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I mainly check my portfolio in the morning, so I use them quite often, especially if the market has been on a tear like back in February. If your stock swings quite a bit, they can trigger a sale, when you might not have wanted one. For instance, I like to use a 20% trailing stop loss. If I had AMC today there were a couple of wild dips on the way up that would have been close to that range . There are times when it has saved my profit, and time when I could have had bigger profits.
 
fish brain said:
I mainly check my portfolio in the morning, so I use them quite often, especially if the market has been on a tear like back in February. If your stock swings quite a bit, they can trigger a sale, when you might not have wanted one. For instance, I like to use a 20% trailing stop loss. If I had AMC today there were a couple of wild dips on the way up that would have been close to that range . There are times when it has saved my profit, and time when I could have had bigger profits.
Click to expand...
I starting using it after I watched a few stocks go up to a point where I was happy with the gain and then watch it fall back below where I bought it. Now if I'm up 30-40% but would be happy with 20% then I usually put a trailing stop loss to reflect that. Takes the emotion out and I don't have to watch it really closely. I don't do much due diligence on anything I buy,,, more like a bit of gambling money than investing money so this seems to help me a bit. My investments are with someone else and very conservative. Won't get rich but hopefully won't go broke either.
 
Wow finally a nice surprise today. Anyone want to explain to a rookie like myself why most of my stocks are up 12-33%? Still in the red overall I suppose but at least it's looking better LOL
 
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