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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?

To: chalu2 who wrote (4902)	1/18/1999 8:03:00 AM
From: Tony B	Read Replies (1) \| Respond to of 56535

chalu2 - I'll try those questions... Stop losses can be used on Nasdaq stocks by some brokers. Others do not allow them. My broker doesn't allow stops on nasdaq. A stop loss order will sell at the stop price or lower. A sell limit order will sell at the limit price or higher. For example, if I put a stop loss order to sell IMON (which is now at nearly 6) at 4.5, it would not sell until the stock price dropped to 4.5 or below. If I put a limit order to sell at 4.5, it would sell at the current price (so long as that remained above my limit price of 4.5). Hope that helps... llater, Tony B