The main advantage in going one step further and using 'Conditional Order Trading Strategies is that you can carry on your day to day activity, ‘safe’ in the knowledge that if any stock or stocks fall to your predetermined levels, then your stop loss broker will act as a third party on your behalf –and close the trade if your predetermined stop loss level has been triggered.

Some of the popular resource stocks have fallen savagely in recent weeks. Many experienced traders would have exited before the loss in open profits or capital became too great

Others may have frozen as per my article at Ezinearticles.com on "Difficulty in taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of gradual growth can be wiped off the board in days – and sometimes hours.

In my articles I teach Jim Berg’s and others’ strategies which all incorporate the use of initial stop losses to protect capital and then trailing stop losses to protect open profits. We have discussed the use of various types of stop losses:

Some of the popular resource stocks have fallen savagely in recent weeks. Many experienced traders would have exited before the loss in open profits or capital became too great

Others may have frozen as per my article at Ezinearticles.com on "Difficulty in taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of gradual growth can be wiped off the board in days – and sometimes hours.

In my articles I teach Jim Berg’s and others’ strategies which all incorporate the use of initial stop losses to protect capital and then trailing stop losses to protect open profits. We have discussed the use of various types of stop losses:

Others may have frozen as per my article at Ezinearticles.com on "Difficulty in taking Stop Losses". If so, they have subscribed to the BHP approach – they have Bought and are now frantically Hoping and Praying. When individual stocks or whole markets turn, they often turn quickly, such that months of gradual growth can be wiped off the board in days – and sometimes hours.

In my articles I teach Jim Berg’s and others’ strategies which all incorporate the use of initial stop losses to protect capital and then trailing stop losses to protect open profits. We have discussed the use of various types of stop losses:

In my articles I teach Jim Berg’s and others’ strategies which all incorporate the use of initial stop losses to protect capital and then trailing stop losses to protect open profits. We have discussed the use of various types of stop losses:

We have shown that in a rising bullish market there have been occasions whereby the use of intraday conditional stops have resulted in premature closing of the trade - as some of these stocks have rebounded during the day and continued their rise.

A trader using conditional stops at that time would have had two ways to look at this:

i) The –ve viewpoint- disappointment of being ejected from the trade too early

ii) The +ve viewpoint – pleased that his insurance policy was working and protecting him in case of a sudden downturn.

For those who used intraday conditional stops in recent weeks, their insurance really kicked in as they would have got home from work (or the golf course etc.) and found that many of their conditional orders to sell if prices hit a certain value would have been triggered. Their trades would have been closed by their conditional stop loss facility, e.g. as provided by DFS Equities, a licensed broker in Sydney.

The main advantage in using such a service is that you can carry on your day to day activity, ‘safe’ in the knowledge that if any stock or stocks fall to your predetermined levels, then they will act as a third party on your behalf – and close the trade.

For those who waite