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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: Parnell who wrote (1317)	11/24/1998 6:50:00 PM
From: Dave	of 90042

When the stock price hits your stop number, it triggers a market order to your broker to now sell or buy. The problem with a stop is that the price can run well past your stop before it gets filled. A limit order tells your broker to sell at that exact limit. The problem with a limit order is that the price of the stock can gap over the limit leaving you holding the bag. Both stops and limits have thier pluses and minuses.

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