Dear Sir ,
Nice to know my answer was close on the Hare and Tortise question
![Big Grin :D :D](data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7)
. Its amusing one always finds ones answer closest to the correct one
Awaiting your reply on my query for stop loss and support pasted below:
************* Query : Start **********************
I have a small query wrt stop loss and support for a stock.
Can these terms be used interchangeably ? If yes under what circumstances - long term Time frame , short term etc ?
For eg, lets say I have a time frame for 6 months. I buy a stock @100 . I have a SL of 10 % , and hence i should exit this stock if the price comes below 90.
But incidentally , the last support for this stock was @ 95 . (hypothetical , but possible i suppose.)
Now I am completely confused as to when to exit. As mentioned above, does the exit depend on the time frame i have in mind ? With a 6 month horizon , shall i ignore the support level (95 ) if its higher than my stop loss(90) ?
*********************** End *************************
Not sure if a week day is the right time to ask this question. I will remind you again in case needed.
Warm Regards
Kg