Lugwise Invest Lugwise Invest

Stock Market

Get Started

Stock Markets

Stock investing can be done through a wide range of brokerage account types, including Margin Accounts,Cash Accounts,Short Accounts,Education Savings Accounts and Retirement Accounts.To start investing, the account needs to be funded with sufficient cash to cover the purchase. Complete the reading to learn more information you should know before investing in stocks.

Placing a Stock Order: To place a stock order through Lugwise invest, one will be able to choose from the following order types:

Stop Order

A sell stop order sets the sell price of a stock below the current market price, therefore protecting profits that have already been made or preventing further losses if the stock drops. This type of order will become a market order when the market price of the stock reaches or goes below the sell stop price.contraryly, a buy stop order is entered at a price above the current offering price. It is executed when the market price reaches the buy stop price.

A buy stop order is to buy a security which is entered at a price higher than the current trading price. If you enter a buy stop order at $15 when the stock is currently trading at $13, the order will become a market order and implement when the stock trading price reaches or goes though $15. If you own shares of JPL Co., which is currently trading at $60, and want to hedge against a big decline, you could enter a sell stop order to sell your JPL holdings at $58. If JPL’s price hits or trades below $58, your sell stop order is activated and converts into a market order to sell ABC at the next available price. If the next price if $57.90, your JPL shares would be sold at $57.90. A sell stop order is designed to limit an investor’s loss on a position in a security.

Stop Limit Order

An order that cooperate the features of stop order with those of a limit order. A stop-limit order will be implemented at a specified price after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy (or sell) at the limit price or better.

Trailing Stop $ Order

A specific stop order where the activation price of the stop order "trails" the price of the security by a dollar amount when it is moving in a beneficial direction, but still protects the investor from rapid pullbacks.

Trailing Stop % Order

A specific stop order where the activation price of the stop order "trails" the price of the security by a percentage amount when it is moving in a beneficial direction, but still protects the investor from rapid pullbacks.