Executing stop loss orders

Discussion in 'Ask any question!' started by Christopher Davis, Oct 24, 2024.

  1. Christopher Davis

    Christopher Davis New Member

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    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
     
  2. TomB16

    TomB16 Well-Known Member

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    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.
     
  3. Rayak

    Rayak Active Member

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    I thought TDAmeritrade got bought out and sucked into Schwab? What am I missing?

     

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