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/biz/ - Business & Finance

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49261332 No.49261332 [Reply] [Original]

I still don't understand the difference between a limit sell and a stop limit.

>> No.49261344
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49261344

me neither

>> No.49261376

Stop limit sell will only fill when the price falls to your set price instead of rising.

>> No.49261412

>>49261376
Why can't I set this shit on stocks I already own on webull? I have to set this shit when I buy the stock? How the fuck does that work? That's stupid as fuck.

>> No.49261416

>>49261332
Sell when price is above
Stop when price goes below

>> No.49261432

>>49261412
It’s to prevent losing profits. If the stock rallies and then falls, you sell before it drops further. Idk about webull

>> No.49261434

>>49261376
can you apply both on one position? Like it sells if it goes above 90 or goes below 60

>> No.49261439
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49261439

>>49261332
stop limit in the sell out the sell limit

>> No.49261469

>>49261432
So how the fuck do all these algos that control the market work?

Like what happens if I take out a leveraged position on GUSH and then it drops to 0 while I am at work? I should be able to set a sell stop order at a 10% loss. it's annoying and makes risk management difficult.

>> No.49261488

>>49261469
Yes you should be able to, don’t use a shit broker like webull I guess?