Ideally you establish the initial stop loss price as a part of your due diligence when researching a stock, before you enter your buy order. (tradingonlinemarkets.com)
If the thought of spending hours and hours and hours researching stock picks, then go for it. (dividendquest.com)
When I made my first purchases I was really eager to get going so I probably didn't research the stocks as much as I should have. (dividendempire.com)