May 18: Secret Tips and Tricks That Only The Experts Know - How to Set Stop Losses
Anytime that you enter a position, you are going into the Market blind. You don`t know what point of the trend you are entering in at. You might be entering into a stock just before the trend changes. To protect your trading float you need to set a stop loss. This needs to be done before you enter a trade, so that there is no room for error, or last minute indecision. A stop loss is simply a predefined point at which you exit the stock.

You’ve now learned what the stock market is and a little bit about the principles behind the stock market, but how do you actually go about buying stocks? Thankfully you don’t have to go down into the trading pit yelling and screaming your order. The stock market is easier than that.