By Amber Deter A common fear people have about investing is that it’s gambling. They think they would lose on average. But that’s not the case and investors who lose often have a common trait—they don’t know when to leave the game. Having an exit strategy is important, and a stop loss order can be a crucial part of that strategy. Designed to minimize losses and possibly lock in gains, stop loss orders can be an investor’s best friend.
What is a Stop Loss Order?
A stop loss order is a command to sell a security at a certain price. The goal is to limit …read more
