Business Services Industry
Safe passage
Entrepreneur, July, 1997 by Lorayne Fiorillo
Setting stop orders is tricky business because sell orders can be triggered by temporary volatility. Cautious investors move stop orders up as stock prices rise, but the trick is to avoid setting them too close or too far from the price of the stock in question. Consult your financial advisor for more information on how best to use stop orders.
Volatile markets are the ones that separate the investors from the speculators, those who panic from those who profit. Whatever kind of investing you decide to do, make sure you and your portfolio are risk-ready. Here's lookin' at you, kid.
All figures are based on the S&P 500 Index and data from Prudential Securities for informational purposes only and should not be construed to represent a specific transaction or investment.
Lorayne Fiorillo is a financial advisor at Prudential Securities in Charlotte, North Carolina. For a free copy of her Investment Planning for Women newsletter, send a self-addressed, stamped envelope to her in care of Entrepreneur, 2392 Morse Ave., Irvine, CA 92614.
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