$Oracle(ORCL.US) Let's talk about stop-loss orders

My trading style this year has gradually shifted from long-term holding to short-term trading, mainly because the overall market is in a process of oscillation + decline.

My comfortable long-term holding method is still bottom-fishing and going long. Maybe this month will present the opportunity.

Reviewed my own stop-loss experiences:

1 ORCL

Bought 200 shares at 320 (chasing the high), stopped out at 301, today it's at 146….

The difference between a loss of 4000 and 43800.

2 MSFT

Like to bottom-fish. Every time I bottom-fish and realize something's off, I exit the same day. Total loss 456. This week, another account continues to bottom-fish.

551-356 with no resistance, just kept going down. Don't know how many people got trapped.

If you stubbornly hold on, the unrealized loss would be at least tens of thousands.

3 BABA

Total loss 821. Won't say much about this one. Every time I bought, there was a lower price.

If I had bought a few hundred shares at 180 and not sold, that would also be thirty to forty thousand gone.

Everyone has their own stocks with huge losses, and also stocks where a small loss from stop-loss saved them from disaster. These all form good experience. That is, when the market or an individual stock is falling, you still need strict discipline. No matter how bullish you are, when the stop-loss point is hit, you have to cut the loss.

There are still many stocks that will trap a bunch of people later. Hope I don't fall into the trap again. It's all about who's quicker with the knife.