Spot silver, also known as London silver, is a margin traded. Due to the rapid changes in the market price of spot silver, investors need to set stop-loss prices for transaction orders in time to reduce the possible losses caused by market fluctuations. So, for investors, how should the stop loss price of spot silver be set?
- Set a stop loss price before placing an order
Under normal circumstances, investors should think about the stop loss price before entering the trade, and set the stop loss point when placing the order, and then continue to pay attention to the development of the market trend. However, investors need to pay attention that the set stop loss price cannot be cancelled arbitrarily or change the stop loss price when the market is unfavorable, otherwise there may be more losses than gains.
- Set the stop loss price after placing the order
We all know that sometimes the spot silver market changes rapidly. In order not to miss the good market, investors can flexibly adjust the stop loss price following the development of the market trend, and try to create more profit space while ensuring the vested income. Then, when a good market comes, investors can directly find the transaction order in the transaction column, click the right mouse button to modify the order, and set the stop loss price in the corresponding content column of the dialog box.
- Trailing stop price
Market conditions change all the time. Sometimes, in order to adapt to the development of the trend, investors often make further modifications after setting the stop loss price. For example, after an investor places a long order, the price of spot silver fluctuates. When making a profit, if they want to keep the profit but are unwilling to close the position, they can set a stop loss by modifying the order to stop the stop loss. The loss price is moved up, thus ensuring that the trade order is always in a profitable state.