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Wow, you have loads of questions there.

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cintrix Member Profile cintrix Member Level 
Wednesday, April 25, 2012 8:09:47 PM
Re: rooster7 post# 2585 Post # of 2983 
Wow, you have loads of questions there. When you paper trade you are basically pretend trading. Unless you are using a specific program for paper trading, I don't even know if you could use a trailing stop while paper trading. As far as the charges it all depends upon what broker you use. I use two different brokers - one charges me $5 a trade and the other one charges me $9.99. When you place an order, before you hit the "submit" button you can preview the trade and it will tell you how much it costs. The cost per share is the price you pay when you make the trade. So if you execute a trade at 12:03:10 that is what the cost will be - not the end of the day. Unless you are doing some type of a paper trading game where they use end of day prices.


Here are some answers to your questions. I will give you links to sites that explain:

stop loss: http://www.investopedia.com/terms/s/stop-lossorder.asp#axzz1t6EFNSDr

trailing stop: http://www.investopedia.com/terms/t/trailingstop.asp#axzz1t6EFNSDr

Stop limit: http://www.investopedia.com/terms/s/stop-limitorder.asp#axzz1t6EFNSDr

I would use that investopedia to look up other terms you are not familiar with. I also would suggest that you first learn the basics of regular trading before you plunge into options and shorting. When you buy a stock and you want it to go up in price you are "long" - when you "Short" a stock you sell stock you don't own (borrow it from broker), and hope that it goes down so that when you cover (return shares) they are lower price from the ones you borrowed. Stick to learning how to trade long first. Kindergarten for you. High school later. lol



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