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Sean HymanSean Hyman
Post count: 3239

Leslie, yes, you’d want the stop market order and not the stop with limit.

One call to your broker and they can explain these.

Stops are almost never used by us except suggested in a sell half, keep half scenario. It ensures some overall gain. Without it, it doesn’t because if the remaining shares dip past the entry more than the gain on the sold shares, there would be a floating loss.

So selling hslf only ensures an overall gain is retained if one can ensure essentially no loss overall on the remaining shares.