School me on stops and related strategies please :)

[alexio senchez]

Hey guys!

I've been out of the game for a little while now due to some heavy losses a few months back. I have some capital rebuilt and I am ready to get back into trading.

One of my weaknesses has always been the utilization of stops. I would like to hear some of your opinions and strategies on this topic.

Most of my heavy losses have resulted from a failure to use stops, so now I need to go into each purchase with a more detailed plan how large my losses can be before I sell off -- a stop, of course, is the easiest way to do this.

Looking forward to some feedback

thanks!

- alex

[MontrealStocks]

Ron can delete this if he wants to since it can be seen as advertisement. But got on Hot stock market forums and then to the University section. Theres a thread made by poster chan that explains it perfectly.

[ron]

not at all Karim, if it helps alex or the rest of the board...by all means.

[MontrealStocks]

Okay thanks ron, heres the link to anyone who would want to read up on money management:Money Management - Penny Stocks | Stock Picks - HotStockMarket.

chan has a "Stock God" ranking on that site, but make no mistake, he's no ron .

[Grassroots]

I want my own personal ron robot.