Posted by Amkeer:
Speaking of stops,I've read that 8% is a good level for investors. Personally, I don't enter stop orders per se, because of the risk of getting sold out of a good position. But, I take a hard look at the technicals after a drop of about 5%. I'm a swing trader, not a day trader, so a stop of 2% would send me to the Asylum very quickly.....quote:
For traders a 2% stop is in order. You should have a trailing stop so that you can capture profits. Only you can figure where to place stops.