Quote:
Originally Posted by macker
Carry trade or not it isn't a good time to convert your CDN to USD anytime soon. I think Gold would be a safer bet at this stage. If you look at the VIX this is a great time to trade this market. Another reminder to use stop losses. Time is more valuable than money so set trailing stops to limit the loss of either. Two bomb scares in New York in the last week (including the market). Lots of reasons that the market is going to continue to correct here. Another great buying opportunity is right around the corner waiting for anxious limit orders to be filled  Sell in May buy back in June/July.... |
Stop losses would have killed you yesterday. Unless the exchanges are reversing the trades that happen during the "error".
Just to clarify, I'm a proponent of stop losses if you're not constantly watching over the markets (which a long term investor shouldn't be looking at them all the time).
^^^^^
Not a fan of sucker bids because what if the stock legitimately losses 10-20% in a day because of bad news?