Stop Loss Price Set?

What price should I set for my Stop Loss? It depends on the stock’s price and your comfort level. A very well-known publication states 7% to 8% below your purchase price. While some investment schools teach 1 to 3 cent from your purchase price.

What is the stock’s trend? Is it a good solid stock with strong fundamentals? Is it a leader or a laggard? Is it institutional worthy? What is the daily or weekly or monthly highs and lows?

These questions among other should assist you with setting your Stop Loss price.

And it’s your stop—> adjust it as necessary.