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.

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

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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.
  • ...

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