By: neil
Can you recommend any good online brokers that will allow you to use a trailing stop loss?
View ArticleBy: Jimmyj
I don’t understand something. IRT the buy stop order. Why would you set it to be higher than the current market price. Wouldnt you want to set an order to buy lower than the current price? Am I reading...
View ArticleBy: Bill
Etrade lets you place trailing stops based on fixed dollar amount or by percentage drop.
View ArticleBy: Rick Morley
Actually, I’m pretty sure most respectable brokerages do. My own brokerage, Zecco, lists both “Stop Limit” and “Trailing Stop” as options in the Order Type dropdown. I’ll admit I never actually used...
View ArticleBy: Rick Morley
People do this to profit off sudden upward movements. For example, let’s say that stock XYZ has been trading in a range of $8 – $10. The $10 mark is a resistance level. And the stock won’t really rise...
View ArticleBy: Rick Morley
I forgot. There is another common use for buy-stop orders. They protect against losses when you short a stock. So if you short XYZ at $10, and (as in the blog post) want to limit your losses to 10%,...
View ArticleBy: Alan
Scottrade.com also allows you to do trailing stop orders. So if I understand this right…Lets say i have 1k shares of stock XYZ @ $1 each. I set a trailing stop for 10%. The stock rises to $2, then the...
View ArticleBy: Financial Samurai
Good stuff Jim. Whatever you do, never use market, unless you absolutely don’t care what price you’re going to get hit or lifted at.
View ArticleBy: Scott
Can you do this with lobster meals that are listed as “market price” on the menu?
View ArticleBy: 444
I love trailing stop orders. Etrade offers them using percentages or dollar/cents amounts. I have to continually remind myself not to fall in love with my stocks. I have to remember that my holdings...
View ArticleBy: carole
Ameritrade has an Order Types Tutorial under their Education tab which offers good explanations and examples of the various types of orders.
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