STA – cut loss or continue

This topic contains 36 replies, has 7 voices, and was last updated by scotts scotts 8 months ago.

Viewing 15 posts - 1 through 15 (of 37 total)
  • Author
    Posts
  • #1
    scotts
    scotts
    • Posts: 28

    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 on

    #2
    Thai Shares
    Thai Shares
    Admin
    • Posts: 10

    Hey Scott

    Welcome to our forums.

    I trust that some members of the Thai Shares community will be along shortly to provide their views.

    #3
    Dead Cat Bounce
    Dead Cat Bounce
    • Posts: 12

    Hey Scott

    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.

    #4
    scotts
    scotts
    • Posts: 28

    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).

    #5
    Bulldozer Dawn
    Bulldozer Dawn
    • Posts: 22

    Hey Scott

    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.

    Rubber forecast

    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.

    #6
    Bulldozer Dawn
    Bulldozer Dawn
    • Posts: 22

    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
    Bulldozer Dawn
    Bulldozer Dawn
    • Posts: 22

    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.

     

    #8
    Bulldozer Dawn
    Bulldozer Dawn
    • Posts: 22

    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… 😎

    #9
    scotts
    scotts
    • Posts: 28

    unfortunately i couldn’t get back to the PC until after market close, my order is now -9.27%

    #10
    scotts
    scotts
    • Posts: 28

    also appears (from on own searching) that my broker APS does not have iAlgo

    #11
    Hoonzilla
    Hoonzilla
    • Posts: 99

    Well.  The positive is that you have learned a valuable lesson regarding the use of trailing stops.

    What broker are you with?

    #12
    scotts
    scotts
    • Posts: 28

    using asiaplus.co.th.

    i will switch to bualuang if i can get them to link my kasikorn account

    #13
    Bulldozer Dawn
    Bulldozer Dawn
    • Posts: 22

    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.

    #14
    Bulldozer Dawn
    Bulldozer Dawn
    • Posts: 22

    I see that STA has rebounded a little so you are still withing your 8% range… 😀

    #15
    scotts
    scotts
    • Posts: 28

    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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