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Stop Orders

A practical guide to using stop orders for traders and investors

By Tony Loton

Paperback £14.99 / $24.99
eBook £12.99 / $15.99
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Stop Orders

A practical guide to using stop orders for traders and investors

By Tony Loton

Jacket text

A stop order is an essential tool used for money management and risk limitation, but for many investors and traders it is not terribly well understood.

– Do you know how to apply stop orders effectively at entry, and maintain them properly until exit, so as to buy low and sell high, or buy high and sell higher?

– Do you know how to limit your downside risk by combining stop orders with effective position sizing?

– What will you do if the market gaps and you get stopped out?

This book provides the answers.

The author begins by presenting a thorough survey of the various stops available, including buy and sell stop orders and trailing stop orders. This provides a vital introduction for beginners, and a handy reference guide for those more experienced.

Having described these tools, Stop Orders then moves on to examine their practical applications by explaining how to use the different stop order techniques when making your trades in the markets. The book is illustrated throughout with charts for stock indices, individual stocks, commodities and foreign exchange currency pairs to provide a range of real-life examples.

This book covers everything you need to know about stop orders and how to make them work for you. Whether you are a trader, an investor, or a spread bettor, you should regard the stop order as essential in helping you lock in your profits and succeed in the markets.

About the author

Tony Loton trades a range of financial instruments including equities, exchange traded funds, covered warrants, and spread bets on his own account. He would describe himself as a graduate of the "Investment School of Hard Knocks". Tony has written regularly for the Barclays Stockbrokers "Smart Investor" magazine and its associated email programme and has previously written and published financial titles including "Don't Lose Money! (in the Stock Markets)", "Financial Trading Patterns", and "Stock Fundamentals On Trial: Do Dividend Yield, P/E and PEG Really Work?" In October 2008, Tony was featured as a day trader in the Money section of the UK's Sunday Times. You can find out more about Tony Loton, his finance books and other work, at Lotontech.com/money

He also writes a regular blog.

Reviews

“It was awe-inspiring to learn that an author was writing a book on the subject of Stops. In my 32 years of trading I do not recall ever having come across a book dedicated solely to this subject. I wish I had!”

– Mike Baghdady, from the foreword

Media coverage

From MoneyMaker Magazine:

All those who have even the most basic knowledge of trading and investing will know of the stop order tool. Stop orders can be used with any tradable security or financial instrument ? including equities, exchange traded funds, currencies, commodities, options, contracts for difference and spread bets ? to help manage losses and improve profitability.… Read more »

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From Traders Mag:

At first glance stop orders seem very simple ? a stop order allows you to stop a loss, which of course must be a good thing. But there are various types of stop loss, which can all be used in various ways, and this is what Tony Loton explores in his latest book Stop Orders:… Read more »

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From Your Trading Edge:

This is a book entirely about understanding and using stop orders. Despite the constant urging of trading educators and others involved in the financial markets, there is still a large number of traders and investors who do not use stop orders to protect their open positions and their capital. Whether this is through lack of… Read more »

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From :

“I found it excellent. Very readable, practical and suitable for both the trader and investor”. John Cotter, Vice President (Brokerage), Barclays Wealth

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From issuu.com:

The Exchange Book Club – Book Review- Exchange Magazine5th October 2011

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From fool.co.uk:

What Makes A Fool-Friendly Spread Betting Account?- The Motley Fool6th July 2011

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From moneyhighstreet.com:

Spread Betting Guides: Perfecting Your Stop Loss Placement- MoneyhighStreet6th May 2011

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From moneyhighstreet.com:

Spread Betting Guides: Getting Started With Stop Orders- MoneyhighStreet2nd May 2011

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From mywonderfullifecoach.co.uk:

“The stop order is an essential tool in the trader?s armoury and Tony Loton?s book shows exactly how to use it.”- Traders Mag4th January 2011

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From Media Review:

A comprehensive guide that covers virtually everything you need to know about stop orders. It can be read by traders and investors alike, regardless of the markets they trade or the time spans within which they choose to trade. It is a well-written and extremely informative guidebook. It would be ideal if everyone considering engaging… Read more »

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From Media Review:

200 pages on stop orders is an achievement in itself! I found it excellent. Very readable, practical and suitable for both the trader and investor.- John Cotter, Vice President (Brokerage), Barclays Wealth

Read More…

Contents

About the Author
Acknowledgements
Foreword by Mike Baghdady
Preface
Introduction

PART 1: 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, and Stop with Limit
7. Combining Stop Orders

PART 2: Stop Orders in Practice (the Techniques)

8. Trading Timescales
9. Price Gaps and Whipsaw Losses
10. Stop Placement
11. Position Sizing
12. Perfect Trades
13. Imperfect Trades
14. When to Hold and When to Fold
15. Top Tips for Using Stop Orders
16. Conclusion: The Case For and Against Stop Orders

Appendix
- Stop Order Facilities by Broker
- Recommended Reading

Index



Published: 30/11/2009
Edition: 1st
Pages: 232
Formats: paperback - ISBN 9781906659288
ebook - ISBN 9780857190130
Media enquiries

If you’d like to get in touch with the author for interview or comment, or you’d like a review copy of this book, please contact us at pr@harriman-house.com or call +44 (0)1730 233870.

Rights

For information on available rights, please contact rights@harriman-house.com

Bulk purchases

We offer discounts for bulk purchases. Please contact specialsales@harriman-house.com for a quote.