RE:Stop lossesYes, Tesh, what you say is very true about using stop-looses and when not to use them.
Regarding the use of stop losses...now hear me out folks.
A mature investor who goes long (and I like to think that I am) will plan and set an exit price on whatever stock you buy prior to buying it. For example, I bought some TCK.B and I wrote down an exit price before I bought it. "I will sell if the S/P falls to $$.$$" But often, the human factor creeps in and prevents you from selling at a loss because human nature does not like to experience any pain (emotional in this case). So we, hang on to our loosers, right?
By using a stop-loss, the "emotion factor" is removed from the equation, and if the S/P falls to your promise to sell point, then it is automatically done for you.
Having said the above, the stop-loss technique is not for everyone or applicable to every equity. This is something that you must decide for yourself. Have a look at your portfolio and assess your loosers and ask yourself if only I had used a stop-loss I would not be in the "house of pain' with these dogs.
J.M.S.O.T. (just my spin on trading) COMMENTS??