I try to but sometimes my heart rules my head. If you do use them, remember to move them higher as the share price moves higher. Then it turns into a profit limit.
I generally don't. I tend to just manually buy and sell when I decide to do so. Stops can get in my way particularly with the more volatile stocks that I tend to buy lightly and hold for days, weeks or longer - stocks that I may buy more of when they drop significantly. One thing I will do on occasion is put in a buy or sell limit order on a security to buy or sell it if it hits a certain price if I am going to be tied up or out of my office for a period of time or whatever.
Stop loss limits are probably more useful for short term traders and while they do have their benefits they can cause investors to sell on short term blips. If you do use them then you have to stick rigidly to the limits.
i didn't use anything but have started to set sells in last few months & raise them as PPS increases & this has saved me from losing $$ along with having to hold/wait for it to move back up. However, setting sells has also interfered with some that were moving up that had significant pull backs BUT can always use profits to get back into a play b/c never know what news will hit that may leave you holding a bag & waiting. Know i have a couple that i have been holding for over a year which = dead money!
A profit is a profit at the end of the day - stop loss limits do have a place for some people. They can protect profits if a share starts to fall back and they can help you exit a share which you simply got wrong - whether down to timing or fundamentals.
Yes, i use stop loss in each position because it protects my investment when a position cross it's limit of loss. Stop loss triggered when loss in a position crossed its level. The main aim is to limit the loss on a security position.
A stop-loss order is designed to limit an investor's loss on a position in a security.. A stop-loss is designed to limit an investor's loss on a security position.