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Why should I use a stop loss strategy?
Using stop losses help average investors avoid two very common (but critical) investing errors: buying stocks over and over again as they go lower, and selling stocks after modest gains before they’ve realized their full potential. By sticking to a stop loss strategy, you take the emotion out of when you buy and sell, and simply allow your winners to ride, and cut your losses when/if the positions moves against you.
How does a trailing stop loss work?
Stop losses are just a price that you decide to sell your stock if the price is reached. For example, using a 25% stop loss for a stock you purchase at $100 means that you will sell that stock if it reaches $75. A trailing stop loss means that as the stock price goes higher, so does the price you will sell at (the “stop price”). If this same stock goes to $200, your 25% trailing stop loss would have you sell the position at $150 (which is 25% of $200). By using a trailing stop loss, you effectively “lock in” gains, as in this example, you would still sell the position for a 50% gain, even though the stock has moved 25% lower from its high price.
How does StopLossTracker monitor my stop losses?
Each day after market close, StopLossTracker analyzes your positions to determine if they have reached their stop price. This is done by looking at all the closing prices since you purchased your stock, and applying your stop loss percentage to the highest price the stock has ever reached. Then, if the stock has closed below your stop price, you are notified that it is time to sell the position and move on.
Why are only closing prices used to determine if you've been stopped out, and not intra-day prices?
Stock markets can fluctuate greatly throughout the day. If you use intra-day prices to track your stops, you may be forced to sell a position due to high volatility on a certain day, even though the fundamentals of the business haven’t changed. It is best to only consider closing prices, as they iron out a lot of the noise that naturally occurs in the markets.
What's included in my Weekly Status Update?
Each week, you receive a Weekly Status Update of all your positions, and where they are relative to your stops. Each position includes: the high price, the last close price, the percentage off the high price the stock is (and therefore, how close to your stop it is), and your total return on investment, including dividends.
Can I track short positions with StopLossTracker?
Yes! Short positions are inverted from a normal long position. Your stop price is calculated by adding your stop loss percentage to the lowest price the stock as reached. For example, a 25% trailing stop loss on a $100 stock would mean that your stop price would be $125 initially. If the stock price goes down to $60, your stop price would be $75 (which is 25% up from $60).
How long is the subscription?
StopLossTracker is a monthly subscription, you can cancel anytime.
Are subscriptions billed monthly or yearly?
Subscriptions are currently month-to-month. If you are interested in a yearly subscription at a discount, please contact us.
How much does it cost?
StopLossTracker has three options depending on how many stocks you want to track. Our plans start at $4.95 for up to five stocks, $9.95 for up to 20 stocks and $19.95 for up to 100 stocks. If you need more than 100 stocks please contact us for a custom plan.