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Summaries and Short Reviews

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Shvoong Home>Arts & Humanities>TIPS FOR TRADING STOCK ON LINE Summary

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TIPS FOR TRADING STOCK ON LINE

Book Summary by: M D Queen    

Original Author: U.S. Securities and Exchange Commission
With the market moving as fast as it dose investors can often suffer unanticipated losses. Often times the load of trades,
confirmations, and executions can create delay across the board; slowing the system down and creating a lag behind actual trading prices. Investors nowadays have to have the advantages of knowing how to protect themselves, in the ever-developing and changing market. Two steps to protecting your losses :
Set your price limits on fast moving stocks: Limit Orders
Limit Order : allows the buyer to buy a particular stock at a set price; the limit price or lower, and as for selling the order, it can only be executed at the limit price or higher. Limit Orders set a perimeter as to the buying/selling price index.
The SEC explains: if you want to buy the stock of a "hot" IPO that was initially offered at $9, but don't want to end up paying more than $20 for the stock, you can place a limit order to buy the stock at any price up to $20. By entering a limit order rather than a market order , you will not be caught buying the stock at $90 and then suffering immediate losses as the stock drops later in the day or the weeks ahead.

Know your accessibility options

Trading firms may offer low-tech options for placing trades, such as:
Ø faxing your order;
Ø automated telephone transactions
Ø or verbalize directly with a stock broker
Using these options may increase your costs, so be sure to know if and what the difference will make. Having additional ways to trade may help when the on-line trading demands are high.
For more tips like these or a more in-depth look at corporate filings, market news, and changing SEC laws and regulations be sure to check it out for yourself at www.sec.gov.
Published: October 28, 2005
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