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How no stop loss will work for me with buy position on eToro?


Hello. Please, help me to understand:

With the conditions:

  • Open BUY (Long) position
  • Leverage: x1
  • Initial Investment: 1,000 USD
  • APPLE STOCK (AAPL) Ask rate: 250 USD
  • Position: Open 4 units AAPL BUY

If I set no stop loss, should this mean that I lose all 1000 USD only in the case, when AAPL stock will drop to 0 USD (what is almost unreal)? 

e. i. with such a buy position the stop margin will be 100% of the $1000 investment?

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