[Placing Stop Loss on Canadian National Railway (CNI)/Good 'til Cancelled/Sell Stop @ $48]
Dear Member:
After a nice run yesterday, I would like to preserve profit in my Canadian National Railway (CNI) so I would place a sell stop at $48 good 'til cancelled. That way, if it drifts back, I'll be stopped out for a nice profit and if it keeps moving up, I'll just follow behind it.
Sincerely,
Bill Kraft
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