I have an idea.. I've owned NOV since it was at 61 and it closed almost fifty
cence above my target price. For Monday should i put a stop loss at 77 (my
target price) and if it goes higher, i make more money?
Also, do i do a stop mkt or a stop limit? What's the difference between the two?
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I don't follow this stock but I looked at it. It closed at 77.45 with two
straight days of massive volume, well over 100% of avg volume. I wouldn't be in
a hurry to sell this stock, and a $77 stop gives you no wiggle room. Congrats on
your gain (although I think price targets are ridiculous; hold a stock until it
misbehaves)
2 months ago - Report Abuse
If I may suggest a trailing stop loss $. For example, you can assign a value of
whatever dollar or cent amount you choose. For example, your stock is trading at
$10. You decide to set a trailing stop loss at .50 cents. If the stock rises to
10.50 your stop loss goes with it and you continue to make your profit. But if
it falls below a total of .50 it will stop you out .50 cents below whatever the
stock was trading at. There's a trailing stop loss % too. For example, you can
assign a value of 5% and when the stocks drops that far it will trigger a sell.
stop limit will only stop at your price. stop market will stop at whatever price
you can get. (ie. if the stock crashes it will sell it at whatever price it can
get). if you can't watch the stock and don't think it will crash, and just want
some protection use the stop limit. mike
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