roni - Stop-loss orders can save you money
Certainly, but I'm always concerned that for every time they save you from taking a huge loss, there might be X times where you just get sold out on volatility, and the stock moves back up - leaving you behind at a loss.
So, depending on X, and conditions, they might save you or hurt you, I think. And I'm not knocking it - if you are comfortable with it and feel it has served you well, good for you.
It is probably another one of those things that could be studied to death, but the next time, everything is different, and the old rules don't apply.
All I know is, we have a long way to go to hit any cash value support!
-KCMW