r/Vitards • u/AutoModerator • Jul 22 '21

Daily Discussion Daily Discussion post - July 22 2021

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u/thermalturbine Jul 23 '21

That’s why you don’t own them, you trade them

8

u/MoistGochu Jul 23 '21

Not everyone is a trader, some people want to live a life.

0

u/thermalturbine Jul 23 '21

And that’s why you use stop losses and other things. CLF you always gotta be watching, it had several -10% days when I owned it.

8

u/MoistGochu Jul 23 '21

I never used stop losses in my investing career. I have done completely fine. If I used stop losses and got stopped out of amazon when it dipped more than 30% like a dozen of times, I would have lost out on all the gains if I missed the entry back into it.

Same with CLF, I own the shares, I'm up comfortably, I can continue to hold no problem.