Interesting, what is a stop-loss?
RE: The trading mistakes that keep losing you money
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The trading mistakes that keep losing you money
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It is an automated order to close your position (sell or buy) if the price touches some value.
For instance suppose you buy Apple at $100 and the market crashes while you wasn't able to what happened and now Apple is worth $40. You've lost a lot.
With a stop loss order you tell your trader to sell Apple at if the price goes under $80.
You still loose money, but you can decide how much money you can afford to loose in a trade.
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It's a hyperlink now, refresh and click to read the explanation :)
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Follow this link:
http://www.investopedia.com/terms/s/stop-lossorder.asp
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