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Ten points! What is it meant by 'set closer' here in this context?

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  • Ten points! What is it meant by 'set closer' here in this context?


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Answer #1 | 22/12 2013 23:07
To set is to establish. To set a 'stop loss' price is to establish a price at which your stock will be sold. They are advising you not to set that price any nearer to the current market price than 5 points. The stop loss price should not be set closer than 5 points.
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