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Stop loss%

QuestionsCategory: QuestionsStop loss%
Bruce asked 5 years ago
Hi Pat, I remember you mentioned O'Neil would like to set the stop loss lesser than 7%(maybe 5%). During our trading process, I think we use even smaller stop%, base on some technical support. My question is: sometimes the stock will pull back to the pivot price after the break out, or under it after we bought it. If we set the stop too tight, we may be shaken out, but if we set bigger like 5%~7%, we need to gain 15~21% in our winners. I see some successful traders recommend 5~7% to give the stock some room and time. So would like to know your opinion for better and "comfortable" setting. Thanks you.  
1 Answers
Avatar photoOwen Staff answered 5 years ago

Hi Bruce,
Video from Pat:
https://youtu.be/22OZQhRjTYE