mgrindy, Another way of determining stop loss position is to look at the trading range of any stock daily or weekly depending on your preferred approach to investing or trading. eg.you could use 2x t/range or 3x,4xaverage daily trading range depending on volitility of the stock you are in. Chart formations are also handy and often show relativley true support levels . precentage stops are also used by some 1-2% i've read but dont use this approach myself.
