stop order or limit order or could i do both?
 

Which do you guys prefer?

I'm looking to give myself some protection over some of potentially volatile shares.

partygaming has done everything of which i was expecting/hoping and i don't think it will rise much more without major news about being allowed back in the US, which is the short term is very unlikely. Having read a number of sources, I now believe party will not be allowed back into the US, and the only way US will be allowed to gamble is via state run sites i.e. not party.

so...i'm thinking of putting a stop sell order at 50p (currently at 55.25p). but then i remember reading a investor magazine say to let it run up to 60p then sell. so i was thinking, could i put maybe a limit sell order at 60p.

does this sound wise, doing both of them?

just i honestly don't see the price going above 60p, and it could easily drop way below 55.25p down to 37-42p i'd say. tempted to sell now to be honest, they was a slight drop during march of players on party, which isn't good.

but then a load of europeans could go back to play there rather than stars, and full tilt when they stop allowing americans.

tough.

Re: stop order or limit order or could i do both?
 

STOP(and i don't mean stop order)

Re: stop order or limit order or could i do both?
 

lol, thanks, i kinda think i should do, but it's kinda fun, and i think it's profitable.

Re: stop order or limit order or could i do both?
 

and i think im about to pump $10K-$20K into sports betting as an investment, seems preferable in terms of guarenteed return, tax free.

Re: stop order or limit order or could i do both?
 

you are risking $5.25 in profit to make an additional $4.75. Doesn't make sense to me. If you are convinced the upside is limited (no more PG in US) the downside is another market axes PG (like Canada which is a pretty big market I would think.

IMO - take the profit and look else where (not sure how good an investment in sportsbetting might be though, LOL)

Good luck.

Re: stop order or limit order or could i do both?
 

You can put a trailing stop on it.

Re: stop order or limit order or could i do both?
 

You're up 100% on Party and you don't believe it has much upside left? Personally, I would sell all my position. When one of my position has performed well and I feel that there's no upsisde, I sell and move my money somewhere else. Another strategy you could use is to sell half your position and keep the other with a stop at 50.

Would you buy Party at today's price?? If you answer no, then why would you hold?

Re: stop order or limit order or could i do both?
 

if i hadnt already halfed my position then i would do that (sell half, stop on the other half), but i've gone from $4K when i first bought it at 27p, then sold at 32p. rebought for 36p for $3K. it went up just over 40p, i then sold $1.5K at 32p during the market correction(no jokes, i sold at the very worst moment during the correction) so only have $1.5K left in it.

think ill put a stop at 52p on it and see what happens.

thanks for the thoughts. been a useful learning experience just looking into this as i never have really bothered about it before.

Re: stop order or limit order or could i do both?
 

[ QUOTE ]
and i think im about to pump $10K-$20K into sports betting as an investment, seems preferable in terms of guarenteed return, tax free.

[/ QUOTE ]

yeah given your extremely logical and unemotional approach to life and investments you will definitely have a guaranteed income stream from sports betting.

Re: stop order or limit order or could i do both?
 

i'm going to be investing in tipsters etc, spent last few days looking now and again over sites which should give me a decent tax free return.

i'd never do sports betting myself, i'm definitely not able to do better than the professionals setting the odds, just the tipsters can find those small edges every week.

Re: stop order or limit order or could i do both?
 

[ QUOTE ]
i'm going to be investing in tipsters etc, spent last few days looking now and again over sites which should give me a decent tax free return.

[/ QUOTE ]

What do you mean by tax free return?

Re: stop order or limit order or could i do both?
 

im from the uk so we pay no gambling tax. one of the few things tony blair has got right. a couple of sites ive found are of interest. this is the thread in the sports betting forum ive been posting on to find which are some realible sites:

http://forumserver.twoplustwo.com/showfl...e=0#Post8298678

no jokes, this is easy money. it's like paying a winning poker player to play with your bankroll.

im going to do maxnetreturns and ferriks place. only problem is football (uk soccer/premiership) season is almost finished so maxnet won't do much in the next couple of months. don't know about american season sport calender.

either way though, decent returns to be made through very little effort.

Re: stop order or limit order or could i do both?
 

I think it was Ed Seykota who said "Everybody gets what they want from the market."

He was dead right. You are getting entertainment which is fine, as long as you're not gambling with money you'll need for something important.

I'll give you a stockmarket tip: Don't use tips from anybody or any magazine/paper or any internet forum.

Re: stop order or limit order or could i do both?
 

[ QUOTE ]
Don't BLINDLY use tips from anybody or any magazine/paper or any internet forum.

[/ QUOTE ]

FYP

Information, wherever received can be helpful, if used in the right way... as a jumping off point for your own research!

Re: stop order or limit order or could i do both?
 

kimchi, im not doing this solely for entertainment, it's more that it develops my interest in the markets. even though i still know very little, i feel i have learnt a lot already.

i put stop losses on party at 53p and half of my holding on urasia at 340p which both have just been met.

ive now pumped that money plus a bit more in GLD, which i think is a good investment over the next year.

in general i am looking for investments which will do well over the next 12 months for when i will hopefully use it as a large deposit on a house, or i may continue to leave at home if it makes more sense.

Re: stop order or limit order or could i do both?
 

I've gotten tired of repeating the same warnings.

I hope you have fun.