So as i practice with my virtual account (i am using think or swim) i seem to use stop loss on every order. Is that smart or fear? It seems like when i study there is so many different opinions. And should i always use a limit order and not market. Just a couple of things that confuse me.
Avoid using market orders because you can't control the price range they will get executed. Any price volatility can result in you getting filled at an undesirable level. Stop losses can be seen by market makers, and they can get "cleared" on a price drop quite easily if they are set too tight, so you have to be really careful using them. They can be useful, but it's something you as a trader have to decide if they are right for youi or not.
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