I've used stop loss orders several times, but as a novice I'm never sure I am doing any of this correctly, so I'd like to confirm. If I understand correctly - so I place a buy order. Then next I place the stop loss order. It is a separate order I place after the buy. Is that correct? I also noticed that they seem to have a 60 day time frame. So you have to remember to go back in 60 days and create a new stop loss order to replace the first? Is that correct? Thanks
At TD Ameritrade, you enter them both at once. I suspect it varies by brokerage so you may wish to tell us the brokerage in question.
