Hi all, I'm new to trading ... Would appreciate if anyone can offer some basic help in understanding how to buy and sell please ? I read and understood what market and Limit buy orders are but after some responses i'm still Not sure how to close out a trade... Sorry if it sounds stupid but here goes :-0 1.) If i bought 10 Shares of ABC Stock. It rose by $1. I want to sell it now for a profit. Do i sell 10 Shares of ABC Stock at a Limit price of a dollar above my purchase price ? ( Which is not the same as selling at Stop price ? ) 2.) If i bought 10 Shares of ABC Stock. It plunged by $1. I want to sell it now for a loss Do i sell 10 Shares of ABC Stock at a Stop price of a dollar below my purchase price ? ( Which is not the same as selling at Limit price ? ) 3.) If Above examples are correct, then it's only buy and sell @ limit and stop orders. Does Selling @ Stop price refers to stop loss order then ? Thanks in advance for anyone's kind help
http://invest-faq.com/articles/trade-orders.html You need to get lots of trading education before you trade.