Once again this is a misconception. You would of been stopped out once on the run up. Exactly once. With a 20% stop loss.
Here's a chart and I will show you when and why the stop loss would MAKE you money.
20% trailing stop loss on a speculative run will save you money. I use 10% until I free-carry thus why I would of been stopped out at 22c (as I did and rebought), then 44c (as I did and didn't rebuy) then I chose not to rebuy simply because it was out-side of my trading plan (risen more than 1000% in the current run is not a buy for me in my trading plan), if it consolidates here for a month or so I'd consider it a separate run..
BRN Price at posting:
38.5¢ Sentiment: Hold Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)