I am confused a bit. From my point of view (which could be wrong because i am not an expert in trading yet) Stop Loss is helpful only when stock is falling down significantly.
Example: I have APR shares bought for $1.5 per share and now it is $0.33. I knew that oil prices will go down but I thought that maybe it will recover soon, also they paid dividends. Now I am stuck with it and do not know what to do with it. I definitely should have used Stop Loss.
But if I used Stop Loss on many positions I had I would have to many losses now.
Examples: I had MGT and CLRB shares which I bought for $2.60 and $3.75. Both stocks were falling down and I kept them for a week/few weeks and was able to sold it with profit.
What do you think - should I use Stop Loss on each trade? (although i am trying to analyze before buying and selling I am still emotional trader)