adwebster,"Oh yeah, thats great advice for a person new to...

adwebster,

"Oh yeah, thats great advice for a person new to trading UMC. Don't use stop losses.. yeah right. Your either new to this planet or the worlds greatest trader.....

Maggie, make sure at ALL times you use a stop loss for every trade or investment you ever make. That way you will never be stuck with a 25-99% loss on any trade/investment. They are the ones that send you broke!"

That is your Theory,

If you do research before you buy you will not get it wrong.
I have been doing this for many years now and i have not had any problems.
One thing that can happen with stop loss,is you pick 5 companies, buy them, put stop loss @ 20% eg.

And all 5 companies fall 20% on a bad day on the ASX...
What have you done? sold the shares ... and the next day they rebound.

All you have done is take a 100% loss over the 5 companies for no reason.

This is based on doing Research before buying.

Also one other thing adwebster , Don't say someone is wrong until you listen to them, this is a discussion and i am keen to listen to what you have to say. But the reality is NO ONE is wrong. ( In each persons mind they are right )

Regards,

UMC