Page 74 - Intelligent Investing (3)

6 Ways to Buy/Sell Shares

Market Order- You buy at market price or above(Seller determines based off

bid-ask spreads and you pay the difference)

Limit Order- You set a price you are willing to pay (The Prefered Choice)

Stop Loss Order- If company falls to a fixed stop price,a market sell is triggered

Stop Limit Order- If company falls to a fixed stop price,a limit sell is triggered

Trailing Stop Order- Set a price limit that when hit triggers a buy/sell

Recurring Order/Dividend Reinvestment- Scheduled Deposits to buy shares

Always use a limit order to buy/ sell and stop loss/stop limit order to save yourself from a potentially huge loss