im sure how many here set stop losses. if i hadnt on 2 shares i would be over 10% extra loss {bad loss already }. ive adjusted mine to go over my 12 % but i think, market conditions it get worse,, ie,, brexit is looking dodgy no agreement with ireland plus now mrs may pm gunna have trouble with own party on brexit,,ive watch politics, im no expert .i would be interest in fellow members how far do you follow losses before selling,, it may help all out,,,if down trend tom im selling all,, then holding till market calms iv lost loads in last 7 days trading,,
My stops are part of my trading plan and risk management. If they are hit, the first I know about it is a notification that they have been automatically executed. Sometimes a spike down will take me out. It is just part of the risk.
However, the stops are based on historical volatility, not a fixed %, established by previous draw downs from a high, easily done by looking at a chart. The larger the stop%, the smaller the position size. I avoid the more volatile and less-liquid shares.
Currently 100% cash (after this weeks drops) and looking idly at factor based ETFs to possibly buy at some point ... I'm 10% down on the year (about 1/2 of that from not following the buying plan - I'm susceptible to being easily convinced by BB comments so I've learnt to try to not act on others views - so by extension my advice is ignore what I've written); would recommend Minervini for position sizing (and other things) http://www.minervini.com/blog/index.php/blog/optimal_position_sizing_excerpt_from_think_and_trade_like_a_champion_by_mar .
