For a falling stock like NRW particularly at EOFY, using a stop...

For a falling stock like NRW particularly at EOFY, using a stop loss would be idiotic and very naive. you will be almost certainly stopped out.

A technical trader is unlikely to be buying in on NRW with current sentiment and downtrend. Buyers of NRW would be doing so because they perceive the company to be fundamentally sound and representing good value. Such buyers (sensible ones) would be using position size to mitigate risk. As Petepan posted earlier if you have a 5% position because you like the fundamentals, you won't blow up. Pioupiou smartly advises a 5% position size, recognising risk notwithstanding his belief the company represents good fundamental value. If the Sp starts heading north, you will, if the company still provides good fundamental value start adding to your position, and then and only then would you entertain stop losses.

The idea that you use stop losses on every investment / trade is FUNDAMENTALLY wrong....no pun intended..they have their place but not all the time and certainly not if you buy or have recently purchased NRW in the prevailing donwtrend.

And putting a conditional stop loss order through your broker is being a mug.