my biggest tip from my years of trading

Not really a tip more a reminder as everyone knows it but at times will let there guard down & not use it.

ALWAYS USE A STOP LOSS

Doesnt matter how well you know the stock or how much you think its going to go up, when it doesnt go to plan have a stop in place & stick to it.

Ill have to admit this year I let my guard down on a few stocks & broke my trading/investing rule of useing a stop & now sit on a heavy 6 figure loss which could have easily been avoided by useing my stop loss.

We are not in the boom we where in a year ago, the next year or so will be major volatile moves on the markets, not useing a stop loss will cost you heavily, im speaking from expierience.

Worst case you pay a little higher to re enter the stock but with more faith, worst case you continue to hold & watch the value deteriorate.


Dont think it can happen to you, thats what I thought lol