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Day Trading MCQs

What is the purpose of sliding the stop loss upwards?

It allows for less taxes on additional profits.

It allows the trader to short sell the stock.

It is only for risky traders.

It allows the trader to lock in additional profits on a stock that is increasing in price.

Answer

Correct Answer: It allows the trader to lock in additional profits on a stock that is increasing in price.

Explanation:

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