7 February, 2017 at 6:02 am #1
I entered STA at 25.75, my view was 6-12months but having a further look it appears overvalued.
Cut of loss now or continue on7 February, 2017 at 6:05 am #2
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Welcome to our forums.
I trust that some members of the Thai Shares community will be along shortly to provide their views.7 February, 2017 at 6:27 am #3
Dead Cat Bounce
- Posts: 12
Before you enter any trade you should have a view regarding expected profit and acceptable loss.
You should also be using trailing stops to protect your investment.
I note that after you purchased STA the price moved up to 28.50 an increase of about 10.7 % on your purchase price.
A lot of commentators suggest a trailing stop amount of 8%. If you had been using a trailing stop (set at 8%) you would already have been stopped out of your trade (and retained a little profit).
At present you are holding a loss of about 3.5% right?
You may therefore set a tight trailing stop at 4-5 percent, and if you get stopped out your total loss will still be in the 8% range.7 February, 2017 at 6:32 am #4
I’m using streaming set software, am I able to trailing stop loss now or will I need to put in a sell order? I believe trailing stops can only be set at order (50k plus).7 February, 2017 at 6:38 am #5
There is a link provided below. On that site the year end price prediction is only slightly higher than this month’s price.
So yes, it would seem that STA has already priced in the recovery in rubber markets.
What are the potential upsides for holding moving forward?
In any event, if you do hold, make sure you take note of DCB’s advice regarding protecting your investment with a trailing stop.7 February, 2017 at 6:43 am #6
Click on the iAlgo tab at the top of your streaming GUI. You will see the tab for trailing stops.
Email your broker and get them to confirm what your minimum trade amount is to use TS.7 February, 2017 at 6:51 am #7
And yes. You can have a current holding, and then just add the trailing stop to it…provided your share holding is big enough to qualify to use the trailing stop.7 February, 2017 at 7:03 am #8
If you do not have a big enough have a big enough holding to qualify for using a trailing stop, you can buy a few more shares to get yourself to the required amount, and then set your trailing stop on your current holding… 😎7 February, 2017 at 11:02 pm #9
unfortunately i couldn’t get back to the PC until after market close, my order is now -9.27%7 February, 2017 at 11:02 pm #10
also appears (from on own searching) that my broker APS does not have iAlgo8 February, 2017 at 2:48 am #11
- Posts: 99
Well. The positive is that you have learned a valuable lesson regarding the use of trailing stops.
What broker are you with?8 February, 2017 at 4:16 am #12
i will switch to bualuang if i can get them to link my kasikorn account8 February, 2017 at 4:34 am #13
Sorry, when I read your post referring to the Streaming GUI I thought you were with Bualuang. Their trading platform is also called Streaming…and it has the iAlgo page where you can place conditional trades including a trailing stop.
You should email your broker at Asia plus and ask them if they offer trading stop functionality and what are the requirements to use it.8 February, 2017 at 4:39 am #14
I see that STA has rebounded a little so you are still withing your 8% range… 😀8 February, 2017 at 5:13 am #15
i’m going to select over to BLS, i just spoke to my marketing manager, i can do a form from Aus to switch to kasikorn for withdrawals…
pity i can’t connect my krungsri account, thats my primary bank
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