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1. You placed a stop-loss order to sell 500 shares of AAPL with a stop price of $180. How much will you receive for each share if during the trading day AAPL declines to $170 and closes the trading da...

1. You placed a stop-loss order to sell 500 shares of AAPL with a stop price of $180. How much will you receive for each share if during the trading day AAPL declines to $170 and closes the trading day at $188?

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Answer #1

Ans : amount that will be received = number of shares * stop price that was reached in a day

= 500 shares * $ 180

= $ 90,000

since the share price reached 170 in a day , it means it would have reached 180 before falling to 170. so when the share price reaches 180 , the shares will be sold off.

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