1 Answer
The name "stop limit' is not as complicated as the name suggests.
When you want to put a stop loss to your Apple stock, say $335. When Apple stock drops to $335, your sell order has just become a market order. Hence, it becomes the market order for the next "sell". It could sell for higher or lower than $335 depending on the market condition.
On the other hand, a "STOP LIMIT" order is an order that, when Apple hits $335, a limit order kicks in: say $335.25. It now has become a limit order unlike the earlier example which is a market order.
| 14 years ago. Rating: 1 | |
Top contributors in Investing category
Unanswered Questions
Cổng Game Haywin
Answers: 0
Views: 9
Rating: 0
DESA88
Answers: 0
Views: 10
Rating: 0
kailen
Answers: 0
Views: 11
Rating: 0
VIN68 Trải nghiệm giải trí
Answers: 0
Views: 9
Rating: 0
VIN68 Trải nghiệm giải trí
Answers: 0
Views: 9
Rating: 0
VIN68 Trải nghiệm giải trí
Answers: 0
Views: 7
Rating: 0
VIN68 Trải nghiệm giải trí
Answers: 0
Views: 9
Rating: 0
VIN68 Trải nghiệm giải trí
> More questions...
Answers: 0
Views: 11
Rating: 0
bobiene
Chiangmai