Day trading stop loss strategy

What is a stop loss order? See how it day trading stop loss strategy risk, along with possible pitfalls.

A stop-loss order is simply an order that closes out your position at a specific price. It controls your risk by limiting your loss to that price. 50 your stop loss order will execute, preventing further loss. If no one is at that price to take your trade off your hands, you could end up with a worse price than expected.