I was wondering what members' opinions are on setting bottom prices for stop losses. i.e. if the bottom price is set too close to the trigger price and the share price falls dramatically (like CMCX did this week) then the stop loss would not work.

Obviously, the bottom price could be set far away from the trigger price, but this could potentially wipe out much of the gains made if the stop loss does work.

I'm still deciding where to draw the line on this dilemma.

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