You can wrap up all sorts of high interest credit with a loan for debt consolidation, such as store cards, credit cards, catalogue balances, and any other loans you may have. The loan consolidation process has been made far easier over recent years, which means that consumers can arrange loan consolidation with minimal hassle.

You may reprint this article on your website providing all of links remain intact.

This article is courtesy of http://www.4a-loan.co.uk

On other hand some stocks can move $2 or $3 in a heart beat and reverse just as quickly for $2 or $3 move into money for a total of $4-$6 or more. A $.50 stop on these will have you stopped of trade and out of money more often then not. I suggest that unless you are familiar with these stocks that have a history of wild swings that you avoid them until you get familiar with them.

The Trading Stop Itself

It is opinion of many experienced traders and one that I share, that stop order should not actually be placed. Instead you determine what price it should be and be ready to place order if and when trade turns against you and nears your stop price. This is referred to as "mental stops". You can even go as far as having order form all filled out and ready to execute as price approaches your stop price. A lot of newer trading platforms will allow you to actually place order in their system but it is not sent to market for execution until price is reached.

When you actually place order, you lose control of you trade. Many systems do not allow you to have two orders on same position at same time. If you want to sell stock you first have to cancel stop and get confirmation back before you can place another order.

On a stock that is moving rapidly against you some traders prefer to use a market order for quick exit. I do not like use of market orders any under circumstances. There are too many pitfalls involved with use of market orders. Instead I suggest you use a limit price that is significantly lower then bid that assures you get a fill.

However you chose to exercise use of stop loss orders is up to you but it has to be done. DTM with use of stop orders is only way to defend against dreaded death spiral.

See more Trading Tips at http://www.TraderAide.com

There are many excellent books on learning to day trade. My favorites are found at http://www.TraderAide.com/books

No permission is needed to reproduce an unedited copy of this article as long About The Author tag is left in tact and hot links included. We do request that we be informed of where it is posted so reciprocal links can be considered. Email floyd@sbmag.org.