Stop loss is a risk management strategy commonly used in financial trading and investing. It refers to an order placed with a broker or trading platform to automatically sell a security (such as a stock or cryptocurrency) when it reaches a certain predetermined price level. The purpose of a stop loss order is to limit potential losses on a trade or investment position.
Here's how stop loss works:
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AuthorA seasoned healthcare sales executive and a leader with 26 years of Health Insurance and Managed Care experience, a strategist, innovator and motivator with a vast and deep understanding of Managed Care Organizations and the health insurance industry and its critical nuances and complex design.. Archives
June 2024
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