1H·

Discipline when investing

Hello,

yesterday I had to pull my stop loss for the first time this year at $NOVO B (-2,16%) . My stop loss was at 34.00. I had already considered selling at 37 the day before (as there was no rebound after a 15% fall), but then I thought that the SL was set for a reason, so let's wait and see. It didn't work out, but that's the way it is. Proceeds were immediately reinvested, half in approx.$IBM (+3,76%) and $EXXW.

How is it with you? Do you consistently stick to SL?

5 Commenti

Dividendenopi👴@Dividendenopi

If the bank sticks to it, then I do that too😇. That's why I set the order and discipline myself. But that sounds more like.... then... but not

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Chris@IronEagle

Unfortunately, I wasn't consistent enough, which meant that I didn't take some profits in time.

For new purchases, however, I now consistently set an S/L at -15%. If it doesn't work out with the new share, you have to realize it at some point.

On the other hand, I never know where to set the S/L for stocks that have done well. For example, I am up 60% in 2 months with Kawasaki thanks to @Tenbagger2024. Where should I set the S/L so that something like SAP (from + 130% to now + 65%) doesn't happen to me again, but I also let the winners run a bit. Really difficult.

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savvy_investor_2852@savvy_investor_2852

29Min

@IronEagle One solution would be to always adjust the SL to -15% of the high. But I also find it difficult to always be consistent. With shares like Allianz or Microsoft, Realty Income, I would actually say that I won't sell them anyway. But then I want to be smarter than the market when they break through the SL. But being consistent can also go wrong. I once bought Palantir at 14 and then sold it at 7 or 8. And after that it only went north. But that's the game. Sometimes you lose, sometimes the others win.

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savvy_investor_2852@savvy_investor_2852

Sell Novo 150 x 32.51, Buy IBM 10 x 192.00, Buy DJ Asia Pacific Sel Div 80 x 31.51

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BeachPlease@BeachPlease

I think of the SL like the alarm clock: when it rings, I don't press snooze.

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