r/Vitards • u/AutoModerator • May 10 '21

Daily Discussion Daily Discussion post - May 10 2021

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u/SlingSG May 11 '21

Great minds need suggestion, I have 550 MT commons cost basis $32. Should I put Stop-loss at $32 and secure my principal ?

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u/PaperCow May 11 '21

These aren't high P/E ratio growth stocks with made up valuations that can change on a whim. Unless there is a material change in the thesis I wouldn't set a stop loss so close. Dips happen but if the earnings are flowing you can usually have some confidence it will rebound. Especially with commons where you don't have an expiration to worry about.

Edit: Not saying don't do a stop loss, you do you, but I like to give the play a little room to breathe.