Can I use ExitPoint without placing Stop Loss Orders?
The advantage of placing a stop loss order is that you aren’t required to constantly monitor your stock to determine whether it has triggered a sell alert by declining in price below its ExitPoint. However, ExitPoint does not require you to use stop loss orders. You may choose instead to simply place an order to sell a stock once a sell alert (red flag) has been triggered. Should you determine to use this approach, it is recommended that you run ExitPoint frequently (e.g., once-a-day) to ensure that your stock will not have declined in value significantly below its most recently calculated ExitPoint.
