Stop-loss or take profit? Close out open stocks at end of day? | Voters

Stop-loss or take profit? Close out open stocks at end of day?

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Evan Kim

Hi, does the app also give out recommended stop loss or take profit levels?

Also, should we close stock positions at the end of the day on the ones that are still open, if there has been no sell signals for them? Or should we let those stocks stay open and continue into the next day?

June 16, 2023

Danish Sayed

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Danish Sayed

Hey Evan Kim, great question. In my personal experience in using the app, I usually wait for a gain that I am happy with which is usually at +3-5%. Sometimes I would buy and sell within the week and sometimes I would buy and sell within the day. 
As far as waiting for the sell signals, there's a chance that the sell signals will come after the price of the stock has dropped in comparison to the prior buy signal. 
So the answer is, whatever is at your comfort level.
For recommended stop loss or take profit levels, we do not have a feature like this yet. But we have been working with a new model for a few weeks now that will be able to provide insight like that. Stay tuned for updates!