alwats set a stop loss sell order, at 10% when first get in

[Willy702]

The market is not a crap shoot, its modestly predictable with quite a bit of volatility thrown in to shake out losing money. Using stop losses also means having plans for how to handle winning picks. Anyone who buys momentum has to have a stop loss. If you are a pure value or buy and hold investor then stop losses don't really work for you, but that is purely for strategic decisions. To say stop losses don't work for anyone in the market is incorrect.

[mathjak107]

They do work, but as i said they are a bad idea when all ships are rising and falling with the tide together.
They are far better suited for protecting against individual company risk.

Getting stopped out to just buy another issue to get stopped out again because of downward trends overall is silly. you will be out of money before most bear markets run their course just from loosing 10-15 % over and over on every big dip.
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