A FEW GOOD REASONS TO USE A STOP LOSS

1. Using a stop loss forces you to identify the risk of your trade you must not enter a trade without knowing the risk.
2. A stop loss works best when it is set at the point where the reason for the current trade disappears.
3. Using correctly, a stop loss will reduce risk more than it will reduce profits.If you are stopped out be sure you have a plan for reentering the next trade.
4. A stop loss is not likely to save you in a price shock, but you might get lucky.
5. A stop loss lets you sleep better.
6. Done correctly a stop loss is like the cost of insurance you dont mind paying, but dont want to collect ..........So please dont trade without stop loss.