I have manual stop losses in conjunction with an alert at a...

I have manual stop losses in conjunction with an alert at a price so i can check in the price action and indicators. I am a trader so regular access. Official Stop losses are public knowledge. If you just want to protect profits or capital and ain't at the comp, then automatic stop loss is ok. However, never place it too close to a key support/resistance points as any false break could wipe it out. This could vary stock to sock i.e. BHP 10 percent however FAR maybe 15-20% One should always be prepared to adjust this though. I mean imagine buying at 5 cents and havina stop loss at 4 c and then going on holidays for 2 months. It could be 20 cents or back to 3 cents. You would miss out on all the profits made to this point.