Northern Dynasty Minerals Ltd (NAK)

[deuspronobis]

Understood. It's semantics, then.

You described what some refer to as a "mental stop loss". You don't enter it on your account, just keep track of where the stock is trading and if it goes below your threshold, you sell. Could be triggered on intra-day movement or on closing price; I've used both.

I agree that the stop-loss order you enter into your brokerage account is never advisable. It's an invitation for the market makers to manipulate prices and nab your shares at an artificially low price. Best to play it close to the vest.

Good luck to you.