Wednesday, August 7, 2024

Big lesson | How to stop loss? | $100 dollar loss limit to $1300 US dollars | GT stock | Loss $1351.77 | Main reasons | $9.775 -> $7.845


Main reasons:

  1. August 1 2024 - Should set stop loss early, just after the purchase - No risk management, risk reward setup, $30 dollars return
  2. August 2 2024 book loss - $352 - close price $9.25, should take stop loss
  3. August 5, open price $8.75, loss $700 US dollars, no alarm, no response
  4. August 6, close price $8.08/ share, loss $1050, should take stop loss
  5. August 5 2024 - Open price $8.8/ share
Why I forgot to setup stop loss when I made purchase GT stock?

Earning date dip 13.5%, maximum return after dip is 5%, why I chose to risk 20% of my capital?

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