Who it is for
Readers studying financial history, investment education, and the chapter’s specific subject—stop loss order, paper loss, cover—will get the most from this section. It is not suitable as a modern trading or investment checklist.
English reader · Project Gutenberg #26841
Stop Loss Orders
Successful Stock Speculation. English-only reading by default; switch among English, Chinese, and Spanish, or compare languages side by side.
Chapter summary
This chapter examines Stop Loss Orders, using the author’s early-twentieth-century investment framework to explain how investors were expected to judge security quality, income, risk, and market conditions. It opens from the chapter’s own discussion: A “stop-loss“ is an order to your broker to sell you out if the market sells down a certain number of points. Many speculators place stop loss orders only two points from the market price.
Modern reader note
Read this chapter as historical investment education. The market rules, disclosure practices, securities, commissions, interest-rate conditions, and investor protections around stop loss order, paper loss, cover may differ sharply from modern markets.
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