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Online Share Trading

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HELP!?

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MR_V
Occasional Contributor
Hi All. SOL getting really close to my stop. Does the Forum think it's likely to correct even slightly. Do I dump it now or hold to see what tomorrow brings? decisions ... decisions. I don't really need to eat this month - lol.
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5 REPLIES 5
grommet
Regular Contributor
Your stop is there for a reason
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Ninja
Super Contributor
Sasol could either way...who knows. Your stop is dictated to by how much of your capital you can afford to lose on any one trade.....never ignore your stops, always protect capital.
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dilligaff
Super Contributor
I'd say significant support at 242 and 253, IMHO won't go thru those
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Not applicable
MR V, a suggestion on managing your stops. i place my automatic stops about 2 or 3% below my actual stop, then I prefer to exit manually, when my actual stop kicks in. I do this to minimize my slippage costs. But this is just my personal strategy. If there is one other piece of advise I can offer, your stop formed part of your strategy when you bought the share. Never deviate from the strategy, that is a surefire way to lose money
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BAP
Regular Contributor
I bought SOL as a long term investment and see no reason to take a short term loss now. Oil price should rebounce in due course but patience is required here.
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