Perfectly clear this time. Esp this
now why use a limit order you may ask what is the benefit of one. What if you put the sell in at 12 noon, and had to leave and instead of the stock trading at .30 it traded and closed at .24 at the end of the day a limit order would protect you from not having a bad entry/exit point go through, but admittingly it can stop a trade and that may be good or bad. Hope this helps. Hopefully I explained myself better this time, as I said I'm no great writer, I'm a numbers guy.
Now I thought the limit was to use throughout the day which I thought would have been a lot of work, but instead, the limit only applies to protecting you at a bad closing price. Now if I knew that earlier, Id of sold that puppy at the close today. Knew I was missing something. Live and learn.
Thanks for everything!