Charts, page-2243

Using stops can be a fool's game, particularly when the larger traders can visibly see where all the stop-losses have been set and nudge it down purposefully toward a level where a small nudge will cause a cascading effect to lower prices. Meanwhile, they're planning to load up when this occurs. In saying this though it can be a saviour having one to minimise losses, except on a gap down day when the stop loss limits are meaningless and are executed on open according to the opening auction. I think this typically occurs on days when the first half of a key reversal occurs from downtrend to uptrend. I wouldn't use one personally.