Stop-loss or stop-limit order: - Which order to use? Home Forums.
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How to build a passive income portfolio
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If the last price now drops to 10.90, your stop value will remain intact at 10.77. If the price continues to drop, this time to 10.76, it will penetrate your stop level, immediately triggering a market order. Your order would be submitted based on a.
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Youd use a limit order when you want the stock, but youre not necessarily willing to pay more than a certain price. Or, when you want to sell a stock, but not lower than a certain price. Limit orders may come with higher commission prices.
Matt Ackermann writes for American Banker.
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