{"id":33144,"date":"2025-10-06T02:34:00","date_gmt":"2025-10-06T01:34:00","guid":{"rendered":"https:\/\/catalinx.ro\/wordpress\/?p=33144"},"modified":"2025-09-07T23:30:42","modified_gmt":"2025-09-07T22:30:42","slug":"buy-high-sell-low-2025-protectii","status":"publish","type":"post","link":"https:\/\/catalinx.ro\/wordpress\/?p=33144","title":{"rendered":"Buy High – Sell Low #2025. Protec\u021bii"},"content":{"rendered":"
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Nu m\u0103 consider un expert financiar, \u00een burs\u0103 sau, \u00een general, investi\u021bii. Nu \u0219tiu ce s\u0103 cump\u0103ra\u021bi, ce strategii s\u0103 aplica\u021bi, iar textele ca cel de mai jos au scop documentar, nu de \u00eencurajare.
Ba chiar, nu v\u0103 \u00eencurajez s\u0103 face\u021bi ca mine, deoarece succesul meu agregat este moderat – m\u0103car nu e pierdere. <\/p>\n\n\n\n

Am \u00eenceput s\u0103 m\u0103 joc<\/span><\/strong> cu ac\u021biuni la mi\u0219to c\u00e2nd a fost iufa GME <\/a>( Gamestop). Zic la mi\u0219to c\u0103 m-am jucat de vreo 150 de dolari ca la p\u0103c\u0103nele. Am f\u0103cut atunci profit pe GME, l-am investit \u00een alte meme stocks, mai am 50 . Nu v\u00e2nd dar nu \u0219tiu ce se \u00eent\u00e2mpl\u0103 cu ele nici nu \u00eemi pas\u0103. <\/p>\n\n\n\n

Nu despre asta e vorba. Dup\u0103a aia a trebuit s\u0103 pun ni\u0219te #valoare pe dreapta prin diferite portofolii. Am \u0219i prin Rom\u00e2nia, \u0219i prin alte p\u0103r\u021bi. Problema principal\u0103 e c\u0103 n-am timp \u0219i nici poft\u0103 s\u0103 m\u0103 uit dup\u0103 ele. \u0218i de\u0219i am fost, la un moment dat, pe val cu ni\u0219te stocuri gen Novonordisk, Intel \u0219i alte asemenea, s-au dus dracului \u00eenainte s\u0103 m\u0103 uit eu \u0219i s\u0103 v\u00e2nd. Nu e bai, \u021bin \u0103lea acolo p\u00e2n\u0103 trec \u00eenapoi pe profit, sau vor da faliment companiile \u0219i c\u00e2nd vor trece pe profit le voi vinde s\u0103 scap de ele.
Problema e \u00eens\u0103 la mine, c\u0103 po\u021bi s\u0103 vinzi la momentul potrivit, dac\u0103 stai de asta, dar eu nu vreau s\u0103 stau.

A\u0219a c\u0103 am \u00eenceput s\u0103 pun \u0219i protec\u021bii. S\u0103 setez ordine de v\u00e2nzare c\u00e2nd pre\u021bul ac\u021biunii scade sub o anumit\u0103 valoare. Fac asta pentru companiile la care am deja un c\u00e2\u0219tig mare raportat la pre\u021bul de cump\u0103rare, pe care nu vreau s\u0103-l pierd, c\u0103 n-am de ce. S\u0103 scad\u0103 pe banii altora. Dac\u0103 e le recump\u0103r eu mai \u00eencolo. De notat c\u0103 eu cump\u0103r de obicei ac\u021biuni la companii care dau dividende bunicele. De obicei c\u0103 Intel \u0219i Novonordisk nu prea sunt din alea. Anywhore. <\/p>\n\n\n\n

Succesul protec\u021biilor pe care le pun este moderat. <\/p>\n\n\n\n

Un exemplu de succes.
Aveam ordine de protec\u021bie s\u0103 se v\u00e2nd\u0103 companiile \u0103stea dou\u0103 cu pre\u021burile de t\u0103iere de mai jos
BT.A pre\u021bul de t\u0103iere dinamic – urc\u0103 pe m\u0103sur\u0103 ce cre\u0219te pre\u021bul ac\u021biunii, la 202.70p ( 2.0270 lire) . Tol. = 20 e o toleran\u021b\u0103 de 20p la fa\u021b\u0103 de valoarea curent\u0103 a ac\u021biunii. Adic\u0103 dac\u0103 scade sub 20p se vinde.

La BATS aveam pre\u021bul de oprire 40.33 lire sau o toleran\u021b\u0103 de 3.60 lire. Anume c\u00e2nd scade pre\u021bul cu 3.60 lire fa\u021b\u0103 de pre\u021bul curent s\u0103 se v\u00e2nd\u0103. <\/p>\n\n\n\n

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\u0218i s-au v\u00e2ndut ambele.
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Ambele s-au v\u00e2ndut cumva sub pre\u021bul mediu al pie\u021bei din ziua cu pricina. A\u0219a e c\u00e2nd vinzi la \u201dStop Loss\/ Price Protection\u201d. <\/strong>
\u00cen realitate eu nu am avut nicio pierdere, pentru c\u0103 setez ordinele \u0103stea de protec\u021bie c\u00e2nd DEJA am un c\u00e2\u0219tig destul de mare astfel \u00eenc\u00e2t c\u0103derea, cu o marj\u0103 \u00eenc\u0103 de 5% sub c\u0103dere tot s\u0103 \u00eemi aduc\u0103 profit.

\u0218i mi-a adus. S\u0103 le lu\u0103m pe r\u00e2nd<\/p>\n\n\n\n


BT.A Achizi\u021bii:<\/p>\n\n\n\n

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BATS Achizi\u021bii:
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Mai jos sunt performan\u021bele.
Se vede c\u0103 la BT.A am c\u00e2\u0219tigat circa 73% la sub 2 ani de de\u021binere doar din pre\u021bul v\u00e2nz\u0103rii. Deci 36.5% mediu pe an.
La BATS am c\u00e2\u0219tigat circa 48% per total, dar media ponderat\u0103 a timpului de de\u021binere este de doar 1.64 ani. Rezult\u0103 o profitabilitate medie anal\u0103 de 29%.<\/p>\n\n\n\n

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\u00cen teorie eu nu aveam motive s\u0103 v\u00e2nd ac\u021biunile \u0103stea, pentru c\u0103 ofer\u0103 dividende \u00een valoare de circa 4% ( BT.A) , respectiv 5.78% ( BATS) din valoarea actual\u0103 <\/strong> a ac\u021biunii. Raportat la pre\u021bul la care am cump\u0103rat eu , c\u00e2\u0219tigul anual din dividende ar fi continuat s\u0103 fie circa 6.9% din costul meu pentru ac\u021biuni la BT.A \u0219i circa 8.5% la BATS, care nu-i pu\u021bin. Dar, prefer s\u0103 marchez c\u00e2\u0219tigul la valoarea curent\u0103 \u0219i cump\u0103r cu o viitoare ocazie, dac\u0103 e cazul, motivul fiind riscul de corec\u021bie, pentru c\u0103 panta aia de cre\u0219tere abrupt\u0103 din februarie ( BATS) nu e justificat\u0103 de evolu\u021bia afacerilor lor. E o companie bun\u0103, pl\u0103tesc dividende relativ constant, dar, prefer s\u0103 fac divesting, \u00eencasez banul – cump\u0103r altceva continui p\u00e2n\u0103 la bingo. <\/p>\n\n\n\n

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Nu \u0219tiu viitorul, nu am certitudini, dar ce \u0219tiu e c\u0103 atunci c\u00e2nd NU am marcat profitul am r\u0103mas cu ni\u0219te active oarecum neprofitabile \u00een portofoliu o perioad\u0103 lung\u0103. <\/p>\n\n\n\n

Nu m\u0103 deranjeaz\u0103 prea tare dac\u0103 ofer\u0103 dividende, dar c\u00e2nd se duce la vale pre\u021bul ac\u021biunii, se \u00eent\u00e2mpl\u0103 destul de des s\u0103 taie \u0219i dividendul, iar atunci ar trebui s\u0103 v\u00e2nd \u00een pierdere, lucru pe care nu l-am f\u0103cut \u0219i nu-l fac niciodat\u0103 – fie v\u00e2nd profitabil fie am activul p\u00e2n\u0103 la sf\u00e2r\u0219itul timpului sau p\u00e2n\u0103 la falimentul companiei. La unele, falimentul e mai aproape dec\u00e2t la altele.
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\u00cen alte cazuri , p\u00e2n\u0103 am \u00eenv\u0103\u021bat schema, protec\u021biile nu au fost la fel de utile. \u00cen episodul urm\u0103tor despre acelea.





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Nu m\u0103 consider un expert financiar, \u00een burs\u0103 sau, \u00een general, investi\u021bii. Nu \u0219tiu ce s\u0103 cump\u0103ra\u021bi, ce strategii s\u0103 aplica\u021bi, iar textele ca cel…<\/p>\n","protected":false},"author":2,"featured_media":19575,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3499,1],"tags":[6770,6769,6771],"class_list":["post-33144","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economie","category-uncategorized","tag-actiuni","tag-bursa","tag-ordine-de-protectie-actiuni"],"views":477,"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/catalinx.ro\/wordpress\/wp-content\/uploads\/2021\/04\/arunci-cu-bani-in-lautari.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Eq23-8CA","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/33144","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33144"}],"version-history":[{"count":6,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/33144\/revisions"}],"predecessor-version":[{"id":33164,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/posts\/33144\/revisions\/33164"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=\/wp\/v2\/media\/19575"}],"wp:attachment":[{"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/catalinx.ro\/wordpress\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}