Tony Loton

STOP
ORDERS
A practical guide to using stop orders for traders and investors
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Stop Orders

A practical guide to using stop orders for traders and investors

by Tony Loton

HARRIMAN HOUSE LTD 3A Penns Road Petersfield Hampshire GU32 2EW GREAT BRITAIN Tel: +44 (0)1730 233870 Fax: +44 (0)1730 233880 Email: enquiries@harriman-house.com Website: www.harriman-house.com First edition published in Great Britain in 2009 by Harriman House. Copyright © Harriman House Ltd The right of Tony Loton to be identified as the author has been asserted in accordance with the Copyright, Design and Patents Act 1988. 978-1-906659-28-8 British Library Cataloguing in Publication Data A CIP catalogue record for this book can be obtained from the British Library. All rights reserved; no part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise without the prior written permission of the Publisher. This book may not be lent, resold, hired out or otherwise disposed of by way of trade in any form of binding or cover other than that in which it is published without the prior written consent of the Publisher. Printed in the UK by CPI Antony Rowe, Chippenham

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Contents
About the Author Acknowledgements Foreword Preface Introduction Part One: Stop Orders in Theory (the Tools) 1. Orders, Stop Orders and their Many Flavours 2. Stop Order to Sell 3. Stop Order to Buy 4. Trailing Stop Order to Sell 5. Trailing Stop Order to Buy 6. Guaranteed Stop,