Next, when markets gain another 4% I’ll put STOP LIMITS (sell at market) underneath all long positions. Then hopefully I won’t get stopped out, and I’ll walk those stops up under my positions as this Fool’s Rally takes us up a total of say 20% off the bottom.
Who is your brokerage? You should be able to do this with a trailing stop, in either % or $. Be careful, on some shares, there are people ‘crashing the stops’ by setting a lower buy point and then issuing a sell deep enough to trigger a bunch of stops. These triggered stops then trigger yet more stops.. etc until the lower buy is reached. The way it is done looks like it is someone with access to more info than just Level II quotes. They need to know where everyone’s stops are.
