When was the best time to buy into aapl with 5% trailing loss on 6/28
6/30/2024 10:07am
The best time to buy into AAPL with a 5% trailing stop loss on June 28, 2024, would have been before the stock price started to decline. Looking at the trading volume data, we can infer that the stock was actively traded on that day, which could have made it challenging to execute a buy order at a favorable price without triggering the stop loss.
1. **Trailing Stop Loss Strategy**: A 5% trailing stop loss means that your sell order would be triggered if the stock price falls by 5% from its highest point within a specified period. In this case, the highest point would be the peak price on June 28, 2024, which was $193.97.
2. **Stock Price Movement**: If you were to buy AAPL on June 28, 2024, and set a 5% trailing stop loss, the sell order would be triggered if the price fell by 5% from the peak of $193.97. This would mean that the stock price needed to reach $193.97 before you could buy without immediately triggering the stop loss.
3. **Investment Timing**: To maximize your chances of buying AAPL without triggering the stop loss, you would want to buy closer to the opening price of the day, which was $193.56. This way, you could avoid the potential drop in price that occurred later in the day, which resulted in a 1.63% decrease to $191.68.
|Ticker|Name|Percentage Change|Date|code|market_code|
|---|---|---|---|---|---|
|AAPL.O|Apple|-1.6254|20240628|AAPL|185|
By buying closer to the opening price and implementing a 5% trailing stop loss, you could have potentially avoided the immediate sell order that would have been triggered if you bought at a higher price later in the day. However, it's important to remember that past performance is not indicative of future results, and investment decisions should always be based on a comprehensive analysis of the company's fundamentals, market conditions, and your individual investment goals.