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Re: Guts post# 7002

Sunday, 07/14/2013 3:05:53 PM

Sunday, July 14, 2013 3:05:53 PM

Post# of 24848
Basically I was referring 2 a sell that was set incase a share price plunged to either protect profits or to "stop the damn bleeding" lol!


Stop loss/limit ~


Stop orders are generally used to protect a profit or to prevent further loss if the price of a security moves against you. Stop orders are triggered by a transaction or print in the security. A stop loss order will become a market order when a transaction or print occurs at the stop price you've selected. A stop limit order will become a limit order when a transaction or print occurs at the stop price you've selected.

My opinions are just that......my opinions. Good luck to all investors/traders.