Hi everyone,

My first post! I was going to put this in the beginners lounge but it refers to strategy so I put it in here instead.

I searched the forums to see if my question had been discussed in detail and couldn't find anything.

I am wondering if there are any rules of thumb for stop loss trigger values? Or any individual ideas people have?

I am only concerned with bluechip shares at the moment and am contemplating putting a stop loss on the shares and altering the stop loss value as the shares {hopefully} increase. Apparently market corrections could cause the price to drop ~15%, so I was thinking a stop loss around 80% of the current price.

Alternatively, I am only 25 years of age and could just sit on the shares for 30 years and ride it out.