n taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of gExperienced traders understand that money and risk management, coupled with strict disciplined use of stop losses are the main keys to survival and long term profitability in the market - in fact I believe these are more important than which stocks you buy.

The main advantage in going one step further and using 'Conditional Order Trading Strategies is that you can carry on your day to day activity, ‘safe’ in the knowledge that if any stock or stocks fall to your predetermined levels, then your stop loss broker will act as a third party on your behalf –and close the trade if your predetermined stop loss level has been triggered.

Some of the popular resource stocks have fallen savagely in recent weeks. Many experienced traders would have exited before the loss in open profits or capital became too great

Others may have frozen as per my article at Ezinearticles.com on "Difficulty in taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of gr

ant than which stocks you buy.

The main advantage in going one step further and using 'Conditional Order Trading Strategies is that you can carry on your day to day activity, ‘safe’ in the knowledge that if any stock or stocks fall to your predetermined levels, then your stop loss broker will act as a third party on your behalf –and close the trade if your predetermined stop loss level has been triggered.

Some of the popular resource stocks have fallen savagely in recent weeks. Many experienced traders would have exited before the loss in open profits or capital became too great

Others may have frozen as per my article at Ezinearticles.com on "Difficulty in taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of g

tocks fall to your predetermined levels, then your stop loss broker will act as a third party on your behalf –and close the trade if your predetermined stop loss level has been triggered.

Some of the popular resource stocks have fallen savagely in recent weeks. Many experienced traders would have exited before the loss in open profits or capital became too great

Others may have frozen as per my article at Ezinearticles.com on "Difficulty in taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of g

s have fallen savagely in recent weeks. Many experienced traders would have exited before the loss in open profits or capital became too great

Others may have frozen as per my article at Ezinearticles.com on "Difficulty in taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of g

n taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of gradual growth can be wiped off the board in days – and sometimes hours.

In my articles I teach Jim Berg’s and others’ strategies which all incorporate the use of initial stop losses to protect capital and then trailing stop losses to protect open profits. We have discussed the use of various types of stop losses:

Weekly stops for long term investors – for which two consective closes at the end of the week signifies a “sell” on the Monday of the following week.

Daily stops for short term trading – using Jim Berg’s strategies these are actioned as follows:

Initial stop – set under the most recent significant low before entry (and not more than 10% below current price, otherwise choose another stock) – sell next day if closes one day below. This initial stop is also used for long term investors after the stock has first been bought.

Trailing stop – a