can anyone advise me on stop losses. for example, if i buy at 1.00 and it goes to 1.40 , then what stop loss would i place?????????

Hi CC, im assuming your buy at 1 is the mid price and you wish to deploy a 10% stop loss, your stop loss would be 90p, if you used a 20% stop loss you would be stop lossed out by your brokers database at 80p. That is the money you would have left to re- invest again. Hope that makes sense.

You can also with most online brokers also use an upward trigger aswell so that you can take profits. This again depends on your online brokers platform. If you want a 40% gain and wish your Broker to lock this in for you use a 40% profit lock in.

I agree with Harlosh in keeping to strict disciplines.

cheers Gf

Assuming you think there is still more to come from a 40% increase then 20% of 1.40 is 28p so your stop loss should be set at 1.12. Use trailing stops thereafter.