### Comment:
Stops for 1-2% of bankroll, it's  not 1-2% of sp. Google bankroll management or risk management for daytrading. 
  
 You have $1M cash. You decide to buy $200K worth of a stock at $100. That's  2K shares. Your stop loss would be set somewhere between $95-$90.

### REPLY:
What if you have $1M debt tho?

### END.