"If the fundamentals are there, why set a stop loss???"WINGGMAN...

"If the fundamentals are there, why set a stop loss???"

WINGGMAN - You've been a member since a couple months ago and with comments like, its sounds as if you're a newbie.

I used to have the same philosophy as you many years ago when I started off. I held onto companies with "fundamentals" even though it was sliding down. By adopting that strategy, I lost a quickfire $50k BACK THEN!!!

I knew something had to change so I listened to some more experienced traders here who gave me advice and I adopted 2 CRUCIAL MUST have rules to investing....they are-

1./ ALWAYS adopt a STRICT STOP LOSS regardless. This may vary according to each person but usually somewhere between 5-10%. If it hits your stop loss, SELL IT straight away regardless and move on.
2./ NEVER EVER fall in love with ANY stock.

Guess what happened after I adopted these rules??? I STOPPED making losses and I actually started to make money in the markets. Also, it stopped me potentially losing a LOT more money on stocks that kept on going down after I had stopped out.

All the best!!!