This answer varies for traders and investors. If you are a trader, then yes!! Stop loss can help you prevent a lot of damage and you should definitely use it in your traders.
However, if you are a long-term investor, then using stop loss doesn’t make any sense. The stop loss might get triggered because of some unpredictable short-term market fluctuations and result in selling that stock. Further, as a long-term investor, you should consider buying more if the price goes down rather (than exiting the position).
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