Secured loans are quick to arrange as property is always a good bet for lender. Consequently, terms are normally superior, with larger loan amounts, longer repayment periods and better interest rates than those you would obtain for an unsecured loan.

For people with little or poor credit history, a secured loan is probably one of easiest ways to access credit.

A secured loan is a loan where you pledge your home against amount of money borrowed. In event that you default on loan, lender can sell your home to recoup loss. The danger with a secured loan is if you are unable to keep up repayments on your loan your home could be in danger.

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Let's say you buy a stock at $10, and it rises to $20. If it falls by 25% down to $15, you sell, no matter what. It is a way to cut your losers early and let your winners ride. It is an excellent last-gasp "safety" to get you out of a loser that you don't recognize (or aren't yet willing to recognize) as a loser.

I make a point to always set my exit points right when I decide to buy something. Now it's easy to tell you this. But it's another thing to try and track it...

The Software I Use to Track My Trailing Stops

Let me tell you, I've tried everything. You can't imagine investment services I've subscribed to. I've used services that can and do run upwards of $20,000 a year (including Bloomberg, and Ned Davis Research, for example)...

But what I use to keep track of my trailing stops is a tiny little program called XLQ Companion. It lets me track my trailing stops and tells me how far below closing high stock is.

I think creator of XLQ Companion envisioned it as a total portfolio management program. You can use it for that. But I just use my brokerage account as my portfolio tracking page, and I use XLQ Companion just for my trailing stops.

Beyond little XLQ Companion program, actual XLQ program is phenomenal. XLQ is an amazing creation that allows you to manipulate stock data in Excel. I use it for research and for tracking my stocks, their fundamentals, and whether they're above or below their moving averages right now. Every time I open Excel, all data and formulas are updated. Investment U Vice President Brian Hunt uses Average True Range function of XLQ as part of his Microcap Moonshots research. It's really valuable.

Good investing,

Steve