written by reader Stop Losses

By 4valueguy, September 14, 2021

Hi All,
I am relatively a new member from the UK. I have a SIPP pension portfolio and some of the US stocks I hold have done well recently.
I am worried if and when there is a correction or even a crash I may lose out these gains. I am thinking of setting up stop losses for these shares. Is there a formula to work out the stop loss price? If not, how do you determine the stop loss?
Any advice is greatly appreciated.
Thanks,
Tim

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