Joseph, thanks for reading and commenting. Note that my general philosophy is aligned with value investing, so my primary strategy is to value the business and ensure I buy it at a significant discount. If I do that successfully, then bear markets are not likely to wipe me out as I’m not buying speculative / high-priced stocks like Tesla that everyone dumps when the rubber hits the road. That is the main strategy I use to protect my downside, rather than stop losses. If I believe a company is worth $50/share based on my fundamental analysis, then I don’t worry too much about the stock price. If it goes down a lot, and I still have confidence in my valuation, I may buy more. If it goes well over full value, then I may sell.