Uncle8888 DOESN'T use Stop-loss; but he doesn't lose his pant! CASH got sound (in his mind)! Saturday, 10 October 2009
Portfolio Management - Stop Losses? I do cut losses to recover capital and redeploy the recovered capital to other stocks, but it is not related to the falling stock price. I don't need to win back in the same manner that I have lost. One day in 2008, a guy came to this cbox and said: "Bro, do you have stop loss and you are holding a losing position for too long!" I replied: "Bro, I don't use stop loss"
Method, Mind, and Money Management Stop-loss is nothing more than a technical risk control and money management tool. What if we have really have in our mind this risk control and money management; and we count our money to two decimal place and we know CASH got sound and don't lose our pant!
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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