In today’s video we’ll be learning how to place stop loss order on the etrade mobile app.
Timestamps
0:00 Intro
0:37 Stop Loss on Stock
2:45 Stop Market vs Stop Limit
5:30 Edit Working Order
6:26 Stop Loss on Options
A stop-loss order is an order placed with a broker to buy or sell a specific stock once the stock reaches a certain price. A stop-loss is designed to limit an investor's loss on a security position. For example, setting a stop-loss order for 10% below the price at which you bought the stock will limit your loss to 10%.
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