read this....
http://www.traderrobotics.com/trblog/2012/07/04/understanding-stop-losses-2-myths-and-3-reasons-to-use-a-wider-stop-loss/
QUOTE.
" The best stop loss is one that doesn’t get hit"
END QUOTE
ORWELL - if you are reading this. telling a beginner that stop loss will help manage risk is WRONG.
Using stop losses and letting them trigger all the time is the quickest route to the poor house.
Better advice is tell the beginner not to trade.
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Last
$8.41 |
Change
0.070(0.84%) |
Mkt cap ! $7.801B | |||
| Open | High | Low | Value | Volume |
| $8.31 | $8.44 | $8.30 | $3.707M | 443.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 14 | 6442 | $8.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.42 | 7782 | 9 |
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| Last trade - 10.20am 03/07/2025 (20 minute delay) ? |
| LYC (ASX) Chart |