I then asked him this: “Did almost all of these stocks trade above your original buy-in price within a few hours or a few days of your stop loss order clearing you out?”
He answered yes.
I referred him to my article:Click on Image to Learn More on the Issues with using a Stop Loss Order with Penny Stocks[/caption]
Here is a quote:
“Experts on the major markets use the infamous Stop Loss Order – Don’t Make That Mistake!. In the penny stock markets it is financial suicide to use a Stop Loss Order.”
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