/biz/ - Business & Finance

Isn't XLK better than QQQ and QYLD? I know their exp ratio is lower than QQQ

>>13499913
You most likely want a stop loss (if you're trying to get out right away).

A stop loss begins an instant market sell order the moment your price is triggered, no matter what, it's trying to work for you to get you out of the market.

A stop limit requires you to enter two prices, I believe. The stop price (which is the trigger) and then the limit price that you want it to sell at, no matter what (its not an instant market price like previous, you set a defined price you want that is activated after trigger). The downside to this is that even if the trigger is hit and a limit created, the price could technically never hit your limit or the broker could have trouble getting you out at that pinpoint limit price.

Long-winded explanation but hopefully now everyone will know the diff!