Be careful with stop losses, specifically these voli
Just another note, be careful with "stop losses," specifically these volatile meme stocks.
The thinking is you may have a certain price point you do want to sell at. Stop looses automatically sell off your shares to "protect" you from losing any more capital, which is a good feature for normal trading.
However, often, these hedefunds like to create dumps in order to automatically trigger people's stop losses creating a larger dump in price. They both either have data from brokers (especially Robinhood) or have AI that studies various spots that people naturally may put stop losses and then execute their attack on the stock.
Normally stop losses are a good tool for traders, but these are different circumstances.