How do you choose at what level to set your stop loss at? How far is your sell limit below your trigger limit?
My situation is i all ready have a bit of profit in the shares and i dont want to cash out at the slightest fluctuation either. So i only really selling if the stock starts to drop dramatically.
So for example if you bought a stock at .080 and it was now at .110 what whould you set it at?
trigger limit at .095
sell limit at .091
my reasoning being at .095 the order will go in to sell at .091 and worst case ill get .091 or most likely .095 to .091???
What are your thoughts? Not looking for or expecting financial advise, just looking to hear how and why triggers are set in different circumstances.
Thanks in advance.