MYTH-9. EVERYONE SHOULD USE STOP-LOSSES FOR ALL THEIR INVESTMENTS
·
This is only
partially true and applies to traders but not investors.
·
Investors are
supposed to invest their money for the long term after doing adequate due
diligence.
·
If one is not
trained enough to carry out a proper check before investing, then it is better to seek professional advice.
·
Traders, on the
other hand, live life on the edge and often earn by trading stocks by the
minute, and some even in seconds.
·
So, stop-losses
are for traders and not for long-term investors.