There are some people who think you should not bother to use stops at all. But that is another discussion.

The question I have is how people feel about moving there stops when a market move appears to be news or rumor driven.
Take Fridays drop. Some people overreact to rumors of a minor rate increase, or some people worry about election issues and the market drops a bit. But has your trade really changed?

You can choose to move your stops out of the way. And it is true that probably in a few days the market will come back up . So avoiding the actual loss of real money is a go. But on the other hand if you have taken positions based a particular risk reward calculation, moving that stop out of the way as it were completely distorts your calculations and trading strategy.

Personally I use fairly wide stops. So this only comes up for me in rare occasions. But it is an interesting question to ask. Why have stops if you are going to move them. But if the market move is based an bs why stand there and lose your money.

I am just wondering how other people have resolved this dilemma