I have tended to monitor stocks very closely and in the past not used "stop losses"
I am now trying to find out more about how to use them effectively.
I have set up with Direct.On the sell side there is facility for 2 prices -"price limit" & "trigger price".
So if I can give an example-
TWR-say(1) the price ran up to 230 today and I was happy to sell at this price-which price box do I use?
Say (2)it is currently trading at 230-it may go higher but if it does not I would not want to sell at less than 220 if the price weakens-which(price) box do I use.
Any advice/explanation would be appreciated.
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