An order placed with a broker to sell a security when it reaches a certain price. It is designed to limit an investor's loss on a security position. Also known as a "stop order" or "stop-market order".
In other words, setting a stop-loss order for 10% below the price you paid for the stock would limit your loss to 10%.
Source: Google search (source wasn't recorded at time of reading)
Source: Google search (source wasn't recorded at time of reading)
No comments:
Post a Comment