Originally Posted by mayday9

Averaging down on a stock that triggered your stop loss limit is not a good idea.. instead of cuting your losses, you put more on the stake because your mind just doesn't want to let go. You should really stick to the 2% stop loss rule because it's a good one. Also you shouldn't wait for the next day's open to sell. When -2% is hit just let go of it. There's plenty of other fish in the sea.