A large number of stop-loss orders is a good thing for the short interests.
Then too we had a "stop-loss" on the Stock so that we were safe, whatever happened.
In the special instructions to our clients, we tell them when we think they can use a stop-loss order to advantage.
Fractional advances we threw into the next day's good measure, and set the stop-loss higher, and yet ever higher.
A "stop-loss" is an order to your broker to sell you out if the market sells down a certain number of points.
There is one instance where a stop-loss order can be used to advantage, and that is near the top of a bull market.
No more money will be put up on this deal, so place a stop-loss order against it.
Suppose it is selling at 94 and it is believed that there are a large number of stop-loss orders at 92.
Therefore, we believe that stop-loss orders are a bad thing and, as a rule, do not recommend them.