Yep a newbie... and learning as I go...but confusedas to what is meant by stop loss or stop profit in the thread "Ive done all the dumb things - suggestions"
correct me if I'm wrong but if you buy a share at $20 then put in a stop loss for $19.50 straight away after buying does this mean your share is sold at $19.50 instead of say $19.00 if the share kept going down?
Surely if you do the homework on the share and use a stop loss does that mean you think the share will go down, and if you think the share will go down, why get it in the first place?
Can anyone tell me, using Etrade, how you would put a stop loss in (just incase I need to know) and once a stop loss is in, if the share rises how do you remove the stop loss to sell at a higher price ( can it be done? ) as I have no idea's about stop losses or stop profits