I already know I'm going to get RIPped for saying this.. but I guess I don't really get why everyone's primary tip is "set a stop loss". I guess I haven't traded enough yet, but my thinking being: what's so wrong with just holding it till breakeven?
Is it just the fact that then you cant use it for another trade? Right but then like, Id rather win 2 trades then lose 5 and win 6.
Also, like if the fear is the high cap stock going bankrupt. well, that seems more rare to me then 20 -5% stop losses being hit.
Please go easy. I'm asking this since it might help other as well.