Hi Marty,   New to your service. As far as stops go, I see on the ready list a breakout price but no Stop.  Is it fair to say that you would put a 5% stop based on the breakout price?

Thanks

We cannot afford to take a greater loss than 5%. If you buy a stock and down 5% then you must sell immediately. That is very straightforward with no questions asked. We can always buy the stock back if it starts acting better.

If you buy a stock and have a gain. Then you want to place your  first stop where your gains cannot turn into a loss. For example... Let's say you bought SPOT at the $331.08 buy point on Thursday, and it closed at $339.90 on Friday. That is an $8 gain you do NOT want to lose. I would place the stop ten cents below the Friday low of $333.67. We do not want to lose our gains and hold a stock taking out prior lows. I will include this in the weekend video.

I hope this helps!

Regards,

Marty