Re: *** Official October Chat Thread: The Purple Goose ***
Yea I knew that but somehow had thought I missed something...
What I did was set a stop loss, from my understanding:
Stop Loss means if it hits it, it sells it for market value ASAP.
Stop Limit means if it hits it you can also set a price to sell it. Does that mean if it dips below really quick and instead of going to 29.50, my sell price, goes directly to 29.30 and I can't sell quick enough, what happens then?
I also thought about trailing stop but I really don't want to sell it if I set it at 10% and it's moving up in the 30's. Basically I am selling it for 150 profit if it dips and if it goes into 35-40 range, I don't have to worry about it taking a quick 10% correction and losing out on the highs.
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