Put in a stop-loss order and the one certainty is that you'll lock in a trading commission.
By buying a longer contract you can reduce transaction costs, but be careful and use a stop-loss order.
In April 2000 (before setting up that blanket stop-loss order), he lost 20% in one month, when volatility shot up overnight.
Warren Buffett once put his finger on what's stupid about buying a stock and then putting in a stop-loss order.
There are no perfect answers, but one of the better ideas I've seen is simply to set up a stop-loss order.
Once your trade becomes profitable, you may shift your stop-loss order in the profitable direction so as to protect some of your profit.
To read more, see The Stop-Loss Order: Make Sure Your Use It, A Logical Method Of Stop Placement and Trailing-Stop Techniques.
The chronology helped bolster her claims of an earlier stop-loss order.
Further, as he puts on a trade, he tries to place a stop-loss order that kicks him out of the market should prices move against him.
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As with all positions, but especially with more volatile stocks like mining companies, be mindful of risk managent and place a stop-loss order in line with your risk tolerance.
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For starters, much was made about the stop-loss order all of which raises something of an implication that the order was unauthorized, but there is no such charge.
When such trading glitches occur, the market often reverses itself meaning a trader with an electronic stop-loss order would have avoided losses, or even made money, if the sudden swing hadn't occurred.
Similarly, for a short position that has become very profitable, you may move your stop-buy order from loss to the profit zone in order to protect your gain.
For a long position that has become very profitable, you may move your stop-sell order from the loss to the profit zone to safeguard against the chance of realizing a loss in case your trade does not reach your specified profit objective, and the market turns against your trade.
One of the most effective ways of limiting your losses is through a predetermined stop order, which is commonly referred to as a stop-loss.
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