by Stan Heller, Consultant, VectorVest Canada
December 7, 2014
Have you mastered the art of using Stop and Stop Limit Orders? It’s a great technique to place your trades at any time but especially If you can’t be at your computer when you want to make a trade. As explained in Friday’s Strategy of the Week by Jim Penna, VectorVest’s Manager of Retirement Services, by combining the two orders an investor has much greater precision and control in executing your trades. This tactic ensures that your trade is filled only when the stock is moving in the direction you want it to go.
Please join me for tomorrow’s free Q&A webinar about the Strategy of the Week titled, Worry Free Trading for Midnight Cowboys. That’s tomorrow, Monday, December 8 at 1:00 p.m. ET. Register from the link in Friday night’s VectorVest views, or click below:
1. Answer your questions and show you step-by-step how to create and use a Stop-loss Limit Order. We’ll use Gildan’s price action last week as our example to show how using a Stop-Loss order might have helped buyers avoid paying too much and how the Buy On Stop Order might have helped you buy in as GIL was rising off Thursday’s bottom.
2. We’ll look at what’s happening in Monday’s market and study market timing in both Canada and U.S. in Realtime, and
3. We’ll look at a few stocks and industry groups that are influencing the start of the market week.