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I buy only stocks that I intend to hold long term; dividend payers with dividends reinvested.

I routinely set a trailing stop loss 15% below buy-in for 1/2 the shares bought and a regular stop on the other half at the same level. This insures I will not be stopped out on less than 15% dip but
will follow my gains and lock in at least 1/2 of those gains on a large down turn. I then have cash to buy back in at a lower price.

This has worked well for me on several occasions.

Not participating in a rise due to stops is not a loss, it is a missed opportunity but the same can be said for thousands of investments you don't own. A LOSS is a real money missing from your pocket; don't confuse the two.

Don
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