A stop order is an order to buy or sell a stock once the price of the stock reaches a specified price,known as the stop price.When the specified price is reached,your stop order becomes a market order,The advantage of a stop order is
A) you don't have to monitor how a stock is performing on a daily basis.
B) the stop price can be activated by a short-term fluctuation in a stock's price.
C) once your stop price is reached, your stop order becomes a market order and the price you receive may be much different from the stop price, especially in a fast-moving market where stock prices can change rapidly.
D) all of the above are advantages
Correct Answer:
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Q27: In which type of market can liquidity
Q32: In general if an investment
A)has poor liquidity
Q43: The advantages of a market order include
Q47: A "call market"
A)is OTC and over-the-phone.
B)features an
Q47: To avoid buying a stock at a
Q49: A stop order is an order to
Q51: Unlike day orders, a good-til-cancelled (GTC) order
Q56: The over-the-counter (OTC)market is a dealer market.Almost
Q58: A crowd of floor traders on the
Q59: Dealers in an OTC market
A)stand ready to
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