Maybe okay to buy some shares if you have an exit plan with a fairly tight stop loss order in place, but covered calls are not the right strategy for that situation. (borntosell.com)
When identifying a stop loss point, it's vital to assess how tight the stop loss is on your preferred exit point. (qwoter.com)
You can't survive without a stop loss, but they can, or at least they can for much longer than you or I and this is why day trading is dangerous; because traders put very small / tight stop losses on their positions they often get stopped out by normal daily price fluctuations in the market. (learntotradethemarket.com)