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[sharechat] Stop Loss Order

From:	"Rini H" <the4rs@ihug.co.nz>
Date:	Sun, 10 Oct 1999 22:05:17 +1300

I have heard about trading with Stop Loss order to minimise your loss when the market turns against you. That is when the market price goes down and hit your Stop Loss price then your Stop Loss order becomes a market order.

I thought this will give me a peace of mind when trading with Stop Loss, 1st to minimise your loss, 2nd to protect whatever gain we have so far.

I have checked a few brokers including On Line Access Web-broker, they could not take Stop Loss orders.

I would like to hear if you happen to know any brokers who would accept Stop Loss order?

Rini

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