I use limit orders to sell, usually at a higher price.
I would NEVER use a stop loss.
Stop-Loss and Limit Orders
For example, assume you hold a long position in company XYZ. It is trading at $55, and you place a stop-loss order at $50. Your order will be entered once the price moves below $50, but this does not guarantee that you will be taken out at a price near $50. If XYZ's stock price gaps lower and opens at $40, your stop-loss order will turn into a market order and your position will be closed out near $40—rather than $50, as you had hoped. On the other hand, if you decided to enter a limit order to sell at $50 (instead of the stop-loss discussed above) and the stock opened the next day at $40, your limit order would not be filled and you would still hold the shares.
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