Here are just a few: What do you think about the use of stop-loss orders?
The short answer is we don't use stop-loss orders at the Club.
A stop-loss order includes a predetermined price that when (or if) hit converts to a market order.
Whereas the stop-loss order will convert to a market order once the stop-loss price is hit, this order will convert to a limit order.
But at the Club, we prefer to stick with market orders for all our trades to get the best possible prices.
Persons:
Jim, — Thomas H, Hey Jim, Love, — Bruce M, Tony Jim, Ron I, Jim Cramer's, Jim Cramer
Organizations:
Jim Cramer's Charitable, CNBC, Traders, New York Stock Exchange, NYSE