Buy stop orders can be used for all of the following reasons EXCEPT:

A. to protect a profit on short positions
B. to limit loss on short stock positions
C. to acquire stock if a support level is broken
D. to acquire stock if a resistance level is broken

Buy stop orders can be used for all of the following reasons except to acquire stock if a support level is broken. This is because Buy-Stop orders (also known as stop loss) are meant to limit the losses that you may incur in a bad position trade and can also be used to take advantage when a resistance level is broken, but not when a support level is broken. When supports are broken most buy stop orders will sell you out of your position to prevent further loss, if set up correctly.

Buy stop orders can be used for all of the following reasons EXCEPT: A. to protect a profit on short positions B. to limit loss on short stock positions C. to acquire stock if a support level is broken D. to acquire stock if a resistance level is broken

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Buy stop orders can be used for all of the following reasons EXCEPT:

A. to protect a profit on short positions
B. to limit loss on short stock positions
C. to acquire stock if a support level is broken
D. to acquire stock if a resistance level is broken