How viable is this, and is anyone using this method.

For slightly longer term swingtrading, several days up to a month maybe, how viable would it be to do this:

While attempting to catch a big swing, go long the shares, use 1 long atm put instead of a stoploss (yes i know this is the same as a long call, but hold on..), incase it goes against you and the put gets itm, roll down the put, you keep doing this up to a pre-defined limit, to prevent just burning optionpremium while the stock goes into a deathspiral, sell on a rebounce, or bail after a predefined time.

This would allow for a sloppy entry i suppose, am i missing anything, besides extra costs on premium, but also additional safety.

 

I guess since nobody is replying, it could possibly be viable

 

Yeah it might work, but all the large traderz in here have enough capital to just keep buying more as it goes down :eek: