Does your ALL free hand / manual stop? Or is there also traders who use Pennystocks with automatic stop-loss / target?

 

Disadvantages of automatic stop:

 

-% slightly more loss, since shares directly in the bid throw

- MarketMaker collect you from time to time

- is not suitable for volatile openings

- Be careful with large spread

- Pre-Exchange after-hours often totally unsuitable with autostop

- Slippages

 

Advantages for an automatic stopcutter:

 

- Never get a big loss

- Never get a big loss

- Never get a big loss

 

There are many traders who have a problem

To cut your losses quickly. Either

They have too many losses

Or in rare cases a serh very large

Loss of all profits.

 

Tim Sykes says never set automatic stops.

Why?