Stop losses. Are they the tools of winners or losers?

Great to hear . You've earned it.

 

Sounds like a pretty solid strategy.

 

When GMCR gapped from 35.15 to 42.25 on 4/30 and ran to 52.75 that day, did it come back?

When MTXX spiked down from 19.22 to 5.48 in a few minutes on 6/16, did it come back?

When AIG ran from 13.50 to 23.00 on 8/5 did it come back?

I imagine if you're extremely well-capitalized, you can hold massive losers for years in the hope they'll come back, but I certainly don't consider that a sign of "strength"; ego-driven refusal to take a loss would be more like it.

 

no one is seeming to mention this...it is IMPOSSIBLE NOT to place stops is you do not have enough $$$ cash in your account...

 

If you don't use any leverage, you may tolerate fluctuations.

 

I don't use any leverage so I don't like them. The few times I've tried them I've been stopped out at the opening bell only to miss a 10% rally that afternoon. I do like trailing stops when selling though.