I’ll give you my example of using stop losses.

I’ll give you my example of using stop losses. As an early investor, my average price was about $.60/share. On June 30, it went above $9/share and I put in market stops at $8.50 on that day. I went to do an errand and my wife called and said the stock was crashing. My market stops got hit in the $7 range because of the speed of the decline. I came home and bought back in the $4 range. I am down on those repurchased shares but harvested about $3.50/share as opposed to still holding my original position. Since I had a lot of shares, I banked a good amount. So I use market stops so I don’t have to be looking at the ticker all day long and feel secure if a correction occurs when I’m busy doing something else.