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You can only use limit orders to make a profit - not protect you for losses. Sad, but true. :-) {nm}
Posted by: Flash on Feb 06, 10:25 in response to parthm's post Can I set a limit order to "protect" myself if...
Can I set a limit order to "protect" myself if I've shorted a stock? parthm Feb 05, 18:35
Nope. Stop loss orders aren't allowed. ndmaster Feb 05, 18:56
You can only use limit orders to make a profit - not protect you for losses. Sad, but true. :-) Flash Feb 06, 10:25
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