How can you stop losses from money investments?
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monti
Apprentice
Joined: 24 Sep 2006
Posts: 13
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 Posted: 08/14/07 - 06:37 Post subject: |
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| I was thinking I got everything under control but it seems that my losses are bigger than expected. I have invested some money in individual shares and for a while it was all going very smoothly. I was getting my profit and losses were on the other side. Now it is vice versa. How can you stop losses from money investments? |
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des
Apprentice
Joined: 25 May 2004
Posts: 17
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| Posted: 09/27/07 - 03:03 Post subject: |
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| You must remove emotional aspect of making a decision. Maybe you got attached with your shares and profit you were making out if them. But there is a moment when you must sell or you will go in a debt. I have heard about stop-loss order. It is an predetermined instruction for your broker to sell your shares if they fall down in value. Later on you can buy same shares but at the lower price. It is all automatic and predefined. You can try with this. Ask your broker house for more explanations. |
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