Limit orders | Market Orders | Stop Loss Orders |
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What is a stop loss order?
An order to buy or sell once a stock hits a certain price.
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What is the difference between market orders and stop loss orders?
A stop-loss order becomes a market order when it sells at or below the specified stop price.
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Is this order considered to be risky, or safe.
Safe.
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If you have a 10% stop loss order, what is the limit to the amount below the price you can go?
10%.
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What is one benefit of a stop loss order?
It's is designed to prevent the loss of the consumers money.
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