Education Hub - Learn to Trade, page-202

Stope are for suckers. If you have a stop, you don't believe in your decision.

If you buy into a stock that has a majority newbies (sheep) and they all believe stop losses are good. Then you're also setting yourself up for failer.

Stop losses create 3 things, a cascading stop-loss ladder, a stop-loss cluster bomb, or both.

A better way, is to determine if the huge movement has been influenced by rookies (or rookies following "pros" - pumpers 'cough cough) or by pro dters, scalpers, etc.

Good luck!