3. Sell the stock as soon as possible.... - Deepstash

3. Sell the stock as soon as possible. If the price falls below the breakout level, a stop loss of 5–7% is assumed.

4

5 reads

CURATED FROM

IDEAS CURATED BY

9 most important trading rules of dan Zanger who turned 10,000 dollars in 18 million dollars in just 2 years

The idea is part of this collection:

Upskilling: Preparing For The Future

Learn more about crypto with this collection

Identifying the skills needed for the future

Developing a growth mindset

Creating a culture of continuous learning

Related collections

Similar ideas

Stop-loss orders on your worries

This strategy is based on a principle in stock trading:  Say you buy a stock that sells for 100 dollars a share and set a stop-loss order for 90 dollars a share. As soon as that stock dips to 90 dollars a share, you sell it — no questions asked.

The technicality of buying a stock

Every stock has a bid price and an offer (or "ask") price. “You sell to the bid, and you buy from the ask.”

When you are buying a stock, you can use 2 different kinds of orders:

  1. market order: this order tells the broker to get you into the stock...

Bid and Offer Price

Bid and Offer Price

  • As an individual, you cannot trade directly on a stock exchange. For that you will need a "broker" or "brokerage account." A broker is simply a middleman who gives people access to a stock exchange. 
  • Every stock has a bid price and an offer (or "ask") price.
  • ...

Read & Learn

20x Faster

without
deepstash

with
deepstash

with

deepstash

Personalized microlearning

100+ Learning Journeys

Access to 200,000+ ideas

Access to the mobile app

Unlimited idea saving

Unlimited history

Unlimited listening to ideas

Downloading & offline access

Supercharge your mind with one idea per day

Enter your email and spend 1 minute every day to learn something new.

Email

I agree to receive email updates