Thanks for your reply. I noticed most traders don't talk about using options for risk management, is there a reason for that? What if I'm buying less than a 100 shares in a stock, how does that work?
I was hit hard yesterday with HAE gap down by 35% reducing my capital value by 10%. Worse my stop loss limit order did not execute due to not fulfilling the specified limit. I have a full time job. and I set automated orders, but that didn't protect me and I needed to be at the platform.
I don't understand something, if all the advice says we have to sell and accept any loss rather than hold and wait, why not set the stop loss for market price instead of a specified limit? The advice also says use stop loss limit.