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Any reason I SHOULDN'T put stop loss orders on commission free ETFs I purchased through TD Ameritrade after making some gains in these funds? All I am seeing is their rules is a 30 days hold period before being able to sell these with no commission costs. If I hold that long and sell, I can buy back in again at any time and wouldn't have another commission fee to sell if held again for at least 30 days.
Recently put money in an ETF that's gained about 8% in 45 days. Any reason I shouldn't set a Stop Loss order slightly above what I bought it for (maybe 2-3% above purchase value), so if the market tanks, I don't lose a large amount of capital since I am paying no fees to set this floor anyway?
/Thinking Out Loud. Thanks for the thoughts.
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