What is a Cut Loss Level ?
Its a price that we will have to sell the stock when it falls.
For example a person bought $1100 of Singpost Stock. If he tells himself at most he is going to lose $100, he will sell when the stock falls below $1000.
Or similarly it should be a maximum percentage loss that a person is willing to give up for example person A bought genting singapore at $2000 he is willing to give up 7%.
7% of $2000 = $140
Exit level = 2000-140= $1860
He should Exit at $1860.
Look at the link Genting Price
No comments:
Post a Comment