Grant... I trade with NAB online and stop loss is just a conditional order for which there is no fee just brokerage if the stop is triggered.
Example if a sp is $1 i set a conditonal stop loss at 95c and the amount of shares I want to sell either all or some. Also if there is a gap down ie the sp opens at 80c and I did not want to sell so low there is also paremeters to set ie bought share for $1 set stop at 95c but will not accept lower than 90c.
But the stop set up differs for brokers with fees or no fees and what you can do. Hope this helps...:)
