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3 Comments

  1. The use of stop loss orders is extremely important. However, it is a mistake to put them in your roker’s computers. If we get a “flash crash.” where the price of a security — stock or ETF — fluctuates significantly in a very short time frame — down, then us — your loss orders will be triggered and you will be sold out at VERY disadvantageous prices. The way around this is to either create your own spreadsheet or use a website such as tradestops.com. (I have no connection with them.) If a stock, ETF, or mutual fund closes at or below your stop, you are notified by email and/or text, and you then sell the next day. Of course, you need the discipline to do it and not second guess your strategy. Stop losses can prevent the really significant losses that destroy large parts of your savings. They also can let you sleep well while staying in a market longer than you would otherwise.

  2. “Stocks (Stop Loss Orders):”
    A couple more stock market adages to add to the pig quote above:
    “It’s not knowing when to buy, it’s knowing when to sell.”
    “The market doesn’t give you many opportunities to sell a top.”

    Alen Greenspan is one of the great villains of the 20th century. This isn’t an adage but it should be.

    I’ll take the other side of the trade from Charles Hugh Smith; deflation is what’s in store for us. The “Great Depression” problem wasn’t a lack of money, people still had gold and gold backed dollars, it was a lack of things to buy that was the real problem. It will be much worse if it happens again since nobody knows how to do anything. The deflationary forces from ’08 are still howling at the door even after all of the ZIRP and QE. Importantly, if you know how to make things from raw materials that you gather yourself, very useful things, with your own hands, you will do handsomely in a deflation scenario. Weapons, bullets, fuel, and food come to mind and the ability to keep motors running.

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