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Author Topic: Newbie Question
BClark
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Just wanted to start of by saying everyones input on this board is great. I have been reading for 3 to 4 months.

My Stupid Question is:

I opened my Scottrade account and ready to go. I pick my stock and buy at 5.93 on Wednesday and Friday morning is was up to 7.05. I was trying to set up the account that if the price dropped to 6.93 it would sell. I was pressed for time and didn't do it correctly and went to my meeting. When I came back the price was down to 6.40. Had a nice gain going.

On the Order type what should I pick?


Posts: 2 | From: Miami,FL US | Registered: Feb 2004  |  IP: Logged | Report this post to a Moderator
Art
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Stop loss sell is what you need. Don't know if your broker allows this.
Posts: 4402 | From: Florida | Registered: Jun 2003  |  IP: Logged | Report this post to a Moderator
   

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