Danger Of Using "Stop Loss"

[Clement]

I think of it like buying insurance, part of a process to ensure smooth operations and long term viability. The fake outs do cause increased transaction costs but I am willing to pay for the chance to think more clearly when things don't go my way. I have had bad experiences where i was long and wrong without a stop and would be willing to pay a little to avoid that experience again.

Isn't options is the way to "insure" a position?

Anyone know how to set up an optiom for put or call?

Well, you can open an account with a online options trading broker. Using options to hedge positions might not be the reliable for the stocks favored in here. Not all stocks have issued put warrants and index options might not be useful to most people here.