The Brehs of Wall Street (Offical Stock Market Thread)

Busted_Toes

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Another newbie question:

What is a stop limit?


Also how do i determine the sell stop limit?

For example i have $100 worth of virgin galatic shares. What should i do for selling stop limit? So i can prevent not losing all my money if it tanks.
 

Busted_Toes

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Another newbie question:

What is a stop limit?


Also how do i determine the sell stop limit?

For example i have $100 worth of virgin galatic shares. What should i do for selling stop limit? So i can prevent not losing all my money if it tanks.


This video explained it but do you need to know technical analysis to do this? virgin galactic is currently at $56.63, what would be the selling stop limit? the last lowest point/price on the chart? what i'm asking is where to place the stop loss?
 
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The GME situation really got me back into learning about stocks.

The main thing I keep hearing is to get your emotions out of trading, and come up with a trading strategy that allows you to make rational, objective trading decisions.

Same. All that you mentioned here is pivotal information. Massively important.

I had to check myself in the midst of all the media frenzy surrounding $GME. No matter what the situation or how much hype surrounds it, remain level headed.
 
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