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Portfolio Management – Stop Losses? (2)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  February 8, 2011
Read? Portfolio Management - Stop Losses? Stop losses: Do or Do not. Don't doubt! - Createwealth8888 If you strongly believe in your technical analysis skills and also trust your favourite technical indicators then you should act on good faith, take that stop loss; go home and sleep. If you are like me don't believe in stop loss, then how do you control the damages to your capital? Instead of using STOP LOSS to manage risks, I manage risks from different perspectives. I have trained myself very hard to look at Portfolio and not at stocks so a few falling stocks may not impose a big risk to me and don't bother me too. When it becomes necessary; I will write off losing stocks as zero value and take that losses in the Realized P/L. There is no point looking at them as it does nothing to improve your investing skills. Just move on! If magically ......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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