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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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.
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:
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