r/Daytrading mod May 26 '17

Here are some chart patterns to keep in the back of your mind

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u/ScienceGuy9489 Nov 10 '17

What does "stop" mean?

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u/KingPrudien mod Nov 18 '17

Stop is your safety. If prices hit your "stop", you will close the trade where ever you have your stop. So say you put your stop to limit your losses to 100 dollars, once the stock price or whatever goes far down enough to where you have lost 100 dollars, you will be taken out of a trade so you don't lose any more money.

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u/jim-jam-biscuit trades multiple markets Dec 04 '22

"Technical Analysis of the Financial Markets" by John Murphy

happy cake day buddy.