I learned a VERY important lesson

I bought the stock on 10/ 16 at 46.56

Sold this morning (10 / 20) at 39.40 7.16 loss

My stop was at 45.56...just one dollar under.

I just got off the phone with my broker, they said that stops wont be executed pre-market unless they were placed during pre-market hours. Well shit. lol...NOW i know.

here's the chart. Sorry it turns out so bad. When i convert the image to a jpg file, it does that. But if you want, pull up FLSH on your daily charts. Thats the volume I was looking at.
 

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Quote from cashmoney69:

I bought the stock on 10/ 16 at 46.56
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Sorry you got dumped. But looking at that chart, IMO, the larger question is what kind of strategy would put you long into a stock after a runup like that???

(That's why they call it the greater fool theory. Last one in gets left holding the bag.)
 
so cash -- you were talking about the gap on 10/16 right? and yes, to the other poster, of course it looks like sndk, they bot it over.
 
it went to 45 on 10/18, how come you weren't stopped out with your 45.56 stop?


Quote from cashmoney69:

I bought the stock on 10/ 16 at 46.56

Sold this morning (10 / 20) at 39.40 7.16 loss

My stop was at 45.56...just one dollar under.

I just got off the phone with my broker, they said that stops wont be executed pre-market unless they were placed during pre-market hours. Well shit. lol...NOW i know.

here's the chart. Sorry it turns out so bad. When i convert the image to a jpg file, it does that. But if you want, pull up FLSH on your daily charts. Thats the volume I was looking at.
More...
 
and cash one piece of wisdom-- if you;re just starting out with limited capital, don't hold over earnings..... it's not worth it. (flsh didn't have earnings, sndk did and sndk bot flsh)
 
Quote from slowdown:

it went to 45 on 10/18, how come you weren't stopped out with your 45.56 stop?
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That's what I want to know, too.

And what broker are you using?

Don-
 
Quote from cashmoney69:

I bought the stock on 10/ 16 at 46.56

Sold this morning (10 / 20) at 39.40 7.16 loss

My stop was at 45.56...just one dollar under.

I just got off the phone with my broker, they said that stops wont be executed pre-market unless they were placed during pre-market hours. Well shit. lol...NOW i know.

here's the chart. Sorry it turns out so bad. When i convert the image to a jpg file, it does that. But if you want, pull up FLSH on your daily charts. Thats the volume I was looking at.
More...

What the hell? Does that mean that when you place a protective stop with your broker you're not protected 24/7? That's ridiculous.
 
Quote from traderdon56:

What the hell? Does that mean that when you place a protective stop with your broker you're not protected 24/7? That's ridiculous.
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you have to specify whether your stop is good in pre and post -- usually it's a good idea NOT to put pre and post since a lot of bs moves at that time. plus, a stop in premarket isn't gonna help you out when your stock gaps down 13%.
 
Quote from traderdon56:

What the hell? Does that mean that when you place a protective stop with your broker you're not protected 24/7? That's ridiculous.
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No it's not. It's actually better. You have a choice of placing stops for normal hours and placing stops for after-hours. It's much more versatile, and makes good sense.
 
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