Replies to post #93182 on WEALTH UNIVERSITY

[vizsla4084]

nubi - see the examples at the bottom.

I think you may have wanted a "Stop Loss" set, not a "Stop Limit".

A Stop Loss would/should have sold at $3.30 or so , may a little lower, on the way down as HEB crashed through $3.30 (in your case).

So, your previous Stop Limit should now be a current Limit order to sell once HEB goes back up to or over $3.30 .


Stop Limit
For:

* Listed securities, BEFORE the primary exchange opens, a stop limit order to buy becomes a limit order when a trade occurs at or above the stop price. A stop limit order to sell becomes a limit order when a trade in the security occurs at or below the stop price.

AFTER the primary exchange opens, a stop order to buy becomes a limit order when the stock is offered (National Best Offer quotation) at or higher than the specified stop price. A stop order to sell becomes a limit order when the stock is bid (National Best Bid quotation) at or lower than the specified stop price.

Note: orders routed directly to the NYSE or AMEX will be triggered by prints on these exchanges.
* Over the Counter (OTC) securities, generally, a stop limit order to buy becomes a limit order when the stock is offered (National Best Offer quotation) at or higher than the specified stop price. A stop limit order to sell becomes a limit order when the stock is bid (National Best Bid quotation) at or lower than the specified stop price.


* Options, generally a stop limit order to buy becomes a limit order when the bid price is at or above the stop price, or the option trades at or above the stop price. A stop limit order to sell becomes a limit order when the ask price is at or below the stop price, or when the option trades at or below the stop price.

It is important for investors to understand that company news or market conditions can have a significant impact on the price of a security. This could result in a Stop Limit Order not being executed at all if the price of the security moves through your Stop Limit price. Also, as with most Limit orders, it is possible for your Stop Limit order to receive only a partial execution.

For example, a stock is quoted at 85 Bid and 85.75 Ask. A Sell Stop Limit order placed at 83 would be triggered at 83 given the guidelines described above for either Listed or OTC securities are met. At that point, the order becomes a limit order. The stock would have to trade at 83 again for your Sell Stop Limit order to be considered for execution at 83 or better. If the trigger price of 83 was reached and the stock did not trade at 83 again and continued to fall, the order would not even be considered for execution.

For example, a stock is quoted at 85 Bid and 85.75 Ask. A Buy Stop Limit order placed at 87 would be triggered at 87 given the guidelines described above for either Listed or OTC securities are met. At that point, the order becomes a limit order. The stock would have to trade at 87 again for your Buy Stop Limit order to be considered for execution at 87 or better. If the trigger price of 87 was reached and the stock did not trade at 87 again and continued to rise, the order would not even be considered for execution.