Stop Loss orders are a Must Especially for a beginning trader. Don't worry about whether your stop will be hit but rather use them as they are intended, to stop a loss. When determining where to establish a stop limit you want to look at a prior support area for a stock and set your stop just below it. If the price continues to hold support at that level and uptrend then your stop will not be hit. You want to stick to using them as they are intended to "stop the loss" at a level you are comfortable with rather than having a small loss turn into a large loss. Especially for a beginning trader it is important to limit the $ lost with every trade. If trading an otcbb stock then set some type of mental stop limit for where you will exit the trade. It is better to be Safe and take the stop with a small loss. You can never be sure when a short term downtrend will turn into a long term downtrend. If the price is going Up then your stop should not hit. I hope this helps. Sincerely, Bob :^)
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