Stop Orders
A Practical Guide to Using Stop Orders for Traders and Investors
The stop order is an indispensable tool for locking in your trading profits. Stop orders also protect you from making avoidable losses by helping you exit from trades which may go bad at an early stage.
This innovative book covers everything you need to know about stop orders and how to make them work for you, including:
How to apply stop orders effectively at trade entry and maintain them properly until you exit the trade
How you can limit your downside risk by combining stop orders with effective position sizing
What you should do if the market gaps and you get stopped out.
This book provides solutions for these and many other such recurring trading and investing situations. It presents a thorough description of the various types of stops you can use, including buy and sell stop orders and trailing stop orders. It also explains their practical applications and how to use the different stop order techniques when making your trades in the markets. It is illustrated throughout with charts for stock indices, individual stocks, commodities and foreign exchange currency pairs thus offering you a wide range of real-life examples to benefit from.