Im just starting to get into stocks and daytrading and I have been reading up on all the basics.
Quick question, if I buy shares in a stock, do I wait to see if it goes up then put in a stop loss or stop limit order when I sell it to protect my losses or ensure a profit , or do I do that right after I buy the stock to protect my losses in case the stock does the opposite of what I expected and goes down? Any help is appreciated.
Quick question, if I buy shares in a stock, do I wait to see if it goes up then put in a stop loss or stop limit order when I sell it to protect my losses or ensure a profit , or do I do that right after I buy the stock to protect my losses in case the stock does the opposite of what I expected and goes down? Any help is appreciated.
Question about exit strategy?
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