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Kev2128

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Kev2128

Re: silver47 post# 2726

Saturday, 10/13/2012 10:09:34 PM

Saturday, October 13, 2012 10:09:34 PM

Post# of 6266
Only if your selling above the current price will the limit order work. So say a stock that is at $10.00 and you put a sell limit order at $11.50! That sell limit order will not not go through until that stock that $11.50 mark! A stop would be like if you have a stock at $9.00 and you set a stop lost limit at $8.50, if that stock drops down to $8.50 then the stop order will kick in then your broker will auto sell the stock for you at or around that stop price.
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