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Pastimes : Learning To Invest Correctly - A Shared Experience

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To: taxikid who wrote (238)	8/26/1998 10:49:00 AM
From: Early Out	Read Replies (1) of 253

OK, from a lesson I just learned this morning: When placing stop loss orders, be sure to choose stop and not limit. Bought a stock with a limit order this morning at 12, then my intention was to put a stop loss order in for 10, but mistakenly put it in as a limit order to sell at 10. Got filled at 11 15/16. At least they didn't fill it at 10! So it cost me 1/16 and a round trip, which wasn't a whole lot but considering this is now the second time I have done this... I'll learn someday... -jsc

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