Spongetech Delivery Systems, Inc. (fka SPNGQ)

[pragmatist]

Do NOT place stop losses. That is what caused black friday and losses for many with stop losses. And I'm sure that nobody who had a stop loss then got it filled where they placed it, but got filled much lower. In fact, out of luck I had an old buy limit order at .10 that got filled before the price then bounced back up to .18. Stop losses will only cause more losses if there is a big drop. However, a low buy limit order is a good way to get a quick profit if there is a drastic drop then bounce caused a quick wave of stop loss orders.