[r3vbr]

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worst advice ive ever read on here

a stop loss keeps positions from going against you so horrifically that you CANT stand any more pain and sell much too low

also, the market is not a perfectly efficient machine, a stop loss can save you money even if the stock does indeed go back up to its "proper" value later

almost every efficient system for trading the markets involves some sort of loss limiting procedure

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Read my earlier post about the example with a piece of real estate, would you do the same stop-loss procedure if that were the case? if not, please identify the diferences.