Dykstra: Digging Into Readers' Questions

On Thursday, you were able to see what I call my "Stat Book", which is an addition to my weekly columns. Today I will be introducing a new twist to my traditional Friday column. Due to the tremendous volume of reader email I receive, I will be introducing a column devoted to answering some of the most intriguing questions.

I hope this feature will be helpful in answering some of your most relevant and important questions. When I played baseball, the fans were one of the major driving forces behind my competitive spirit. With regard to investing, you, the reader, are a large part of my inspiration to continue to pick stocks.

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I've been reading and tracking your recent articles. As a new investor, I have not seen anything about where to set a loss level. Are you setting a loss level? If so, is it automatically triggered or is it intended for a manual review should it reach that point? ...