Replies to post #3963 on NEWBIES BOARD

[blanka]

I use that in case that day I want to sell or buy but am not
able to view my stock at that time frame...

It can be useful but usually not for me...

Stop loss once there is a quick drop you lose out more as it usually recovers later time...

[Garyst]

bigman, glad it helped. I got caught off guard and lost big back before I knew what I was doing with the Limit and loss thing. I just assumed at the time that putting one of them in place would safeguard me and that's not the case. The one will guarantee to sell you out at your set price or anything below while the other will only sell you out at your exact price you set and if it is freefalling most times it'll bypass your order and you end up holding when it might be down say 70%.