You always have to use a stop loss.

A stop loss is the amount of a loss you are willing to take before you sell.

For example: if you bought the Stock at $10 and you see it trading at 9 3/4, 10 and 10 1/4 are you going to sell when it starts trading at 9 1/2 or are you going to wait until it goes up again?

I will give you realistic stop losses with actual examples as to what would have happened with some stocks that doubled.

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