RE: Keep buying20 Apr 2021 21:05
@Regimental - the stop loss helps protect my capital. Don't want to be nursing a loss for a long time. You can place trailing stops to lock in profit on FTSE100 stocks with most 'highstreet' brokers. Not saying I am a pro-trader, but most of the books and podcasts I have learned from say that the differentiator between successful and non successful investment is the use of risk management and SL orders are one of those ways. The one I had placed on RR was -8%. I use 8% on FTSE100, 15-20% on £1bn+ non-FTSE100 stocks and anything up to 40% on AIM stocks.