本研究以2006年至2022年之元大台灣50成分股為研究對象，使用五種不同的停損機制策略與買入持有策略作比較分析，並就個股之停損策略報酬率是否顯著優於買入持有報酬率做統計檢定分析。研究結果顯示，本研究沒有證據顯示停損策略表現優於買入持有策略，然而於熊市期間停損策略即有相對較好之績效，特別是當停損門檻較低時，各策略皆有25檔以上個股表現顯著優於買入持有策略。

This study focuses on the components of the Yuanta Taiwan Top 50 Index from 2006 to 2022. Five different stop-loss mechanisms are employed and compared to a buy-and-hold strategy. Statistical tests are conducted to analyze whether the stop-loss strategy's returns are significantly better than the buy-and-hold strategy's returns for individual stocks. The results indicate that there is no evidence to suggest that the stop-loss strategies outperform the buy-and-hold strategy. However, during bear market periods, the stop-loss strategies show relatively better performance, especially when the stop-loss thresholds are tighter. In such cases, more than 25 stocks in each strategy demonstrate significantly better performance than the buy-and-hold strategy.

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