my biggest tip from my years of trading, page-18

using stop losses is essential if your borrowing to invest, but if you use your own money, then you cant really go wrong if you look to the long term and only accumulate with money you can afford to lose...

if you never borrow to invest you wont lose more than u can afford... so really as long as you diversify and use your own money then you dont really need to use stop losses unless your dealing with money that you borrowed, ie, cfds