Replies to post #7002 on ScripsAmerica Inc. (SCRCQ)

[Snizzle]

Basically I was referring 2 a sell that was set incase a share price plunged to either protect profits or to "stop the damn bleeding" lol!


Stop loss/limit ~


Stop orders are generally used to protect a profit or to prevent further loss if the price of a security moves against you. Stop orders are triggered by a transaction or print in the security. A stop loss order will become a market order when a transaction or print occurs at the stop price you've selected. A stop limit order will become a limit order when a transaction or print occurs at the stop price you've selected.

[art35]

Guts--

If you want a price ,, then you initiate the sell order--

If you want protection, then you enter a stop loss---NOT a stop Limit----

The pps must fall thru your stop price and then it is executed as a mkt order----stop limit means after going thr your limit price , the pps must go back up and is executed as a normal limit order--you may never get an execution----with those type orders.