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Level of contingent stop-loss order

QuestionsCategory: QuestionsLevel of contingent stop-loss order
Kenji asked 3 years ago
Hi Pat,   Thank you very much for your educational contents and tweets everyday.   Q1: Do you have any suggestion or a general rule as to where to set a contingent stop-loss order (for example, 3 % lower than the buy point) when placing a buy-stop order (I'm assuming non-realtime trading of a stock in Key list with its trigger price as the buy-stop price)?    Q2: When and how should I adjust the stop-loss price the follwing day (of buying a stock) or later?   Thanks and all the best, Kenji
1 Answers
Avatar photoOwen Staff answered 3 years ago

Hi Kenji,
Video for you from Patrick:
https://youtu.be/JUDZq7U8u2w