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United-Display-386 OP t1_j6bb3ik wrote

Reply to comment by Baconstrips96 in How many % do you often set for cut loss? by United-Display-386

Can you explain more details why do you set 15% 🧐 if you are a full time trader? For 15% means the stocks can be hold for some days ( they may have more chances to bounce back🧐?, ( seems many people set this % too).

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Baconstrips96 t1_j6bh66n wrote

Just found that in my experience 15% down from when I bought in means my due diligence and decision was wrong. And most likely will continue to plummet. Obviously it depends what the play exactly is. But for the most part once it hits that point that’s where I’m comfortable backing out.

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