Stop Losses - when to use?

peter2 said:

If you use the Commsec Trailing Sell CO it won't activate until price trades above the "starts at" price and won't trigger a sell order until price falls by the amount you set. If price falls there's no sell order in the market to protect you.

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Chipp said:

Stops need to be strategic imo , pure x% down levels are a bit lazy imo , the last thing i want to do is stop out of a trade in a place where if i had no position id be buying it . Below support levels by 'x' points is my type of thing . For me stops are generally are out of the way of noise . if you use tight stops journal these and see how many trades that stopped would have performed as intended with a bit more room . Analyze your losing trades , its where you learn the most about your trading . Quantify as much as you can , excel is fine for this to start with . Rising volatility should add some context to stop placement , tight stops in rising vol will generally get you whipped out quick smart . High vol for inexperienced traders should be counteracted with smaller position size and looser stops imo . Will equalize the risk for each trade

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LeFeek said:

Thank you so much for sharing your insights on stop placement! I completely agree that using pure x% down levels can be lazy and may not take into account the underlying market dynamics. Your approach of setting stops below support levels by 'x' points makes a lot of sense, as it allows for some breathing room and avoids getting stopped out due to noise.

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qldfrog said:

I asked this directly to lefeek on another thread with no answer but am i the only one to feel like this poster's style is an AI like post, or maybe i am not used to conciliatory, summarising posts. Nothing wrong with the content and the poster is not new so does not raise red flag
@Joe Blow , is it one of your experience?
Unless i watched too many Terminator movies in my youth

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qldfrog said:

am i the only one to feel like this

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