I keep finding myself awake at 6:20am PST, checking overnight price fluctuations and market open. It's not doing wonders for my health. Looking out for 10%+ drops (new wars, OpenAI not meeting internal subscriber goals and tanking my TSM holdings, etc). I hate to wake up and be down by thousands.
I'm looking for tips to be able to disentangle from checking on my more volatile stocks. Possibly a stop loss before I go to sleep? Where would you set it below the current price?
I've tried within 2% drop but overnight markets, but too often a single trade will dip will trigger and I wake up with tax liabilities and missing on a couple grand that it would've appreciated that day. Does anyone have a favorite way to set it up?
Thoughts on Stop Loss to sleep better?
byu/hellario instocks
Posted by hellario
2 Comments
If it’s affecting you that much, you probably need to go with passive index funds for your health.
This question and other fear mongering questions come up often. I really don’t know why most people don’t just trade with an bot. It’s not that hard. I have an algo with the tws api on IBKR and have a CGAR of 18% in the last 10 years. There are even 20+ free quantity strategies you can just copy from quantconnect.
If someone is still trading manually (buy and hold/voo and chill excluded of course), they are just are a easy target.