>>The topic (stop loss orders) actually came up again today when we met. The directors (a subset of the partners that are tasked with the investment decisions) agreed that all positions must have trailing stop loss orders, with the default being 30%. The sponsor for a stock has the option of specifying a tighter stop, without requiring a vote.
We have a 20% rule. If the stock loses 20% it's out unless the thread wishes otherwise.
By reviewing for nascent trends, I have been trying to maintain a tighter rein, believing that a srtock that hits a new 13 day low, is no longer on an uptrend. In future rather than make recommendations to the thread, I shall make my recommendation to the sponsor by PM, and he can recommend action to the thread as he sees fit. That'll test my powers of persuasion.
The topic is still open for discussion if anyone feels so inclined. |
