I been dabbling in KAT.TO for day trading.

I have bought 9000 shares in it yesterday and the day before. Debating about if I want to sell today or put in a stop loss.

Picking the right stop loss is important. For someone like me it is one of of the hardest things to do.  But it is something I need to force myself to do to minimize losses and to avoid holding positions for a long time tying in all my capital.

I decided to hold yesterday since it didn’t go up to the price point I wanted to sell it at.

I have deiced to set the stop loss at 3 x the average daily range . Just to avoid getting stopped out due to daily movements. I hate putting this in but I have to in order discipline myself and to avoid holding onto losing stocks for a long time with the hope that it will come back up.

Will see how it goes.