Using a stop loss to prevent losses

[jojo77m]

Could i protect my money completely by using stop losses.

ie, if I bought $10,000 worth of ABC at $1 each, could I then put a stop loss at $0.99 (or whatever the lowest loss is) and keep adjusting it upwards as the price of ABC increased?

thanks

[Ctstrphy]

If you're talking about bitcoin against the dollar, then this is worth the go. But if your talking about trading alt chains vs. the Satoshi values, it won't be. A mental stop loss would be better in that case. Specially coins with low volume/market cap since market could still be manipulated.