1. Use stop loss orders. Stop loss orders are like insurance, they are stock orders that will automatically sell your position at a pre-determined price if that price is hit anytime during the trading day. They remove the “do I sell now? Should I hold instead?” drama of investing and replace it with a disciplined strategy. They are also perfect for maintaining a strong profit vs loss ratio.

BZZZT! WRONG!

Stop loss orders and margin calls are what got us down this low and shook a lot of bear cubs out of their trees. Besides, stop losses don't protect you against a gap down. Knowledge and Ninja Stealth are your best defense. Don't let them run you scared. You know what you've got. Hold onto it.

No margin. No stops. Take delivery.

Make these bastards work for it.

ebear