[wildwood]

Hi Zephed,

Here is an example. Say you buy stock at $10 a share. You can set a stop loss below the market. Let say $8 stop loss. If the stock trades at $8 or lower; your stop loss immediately becomes a market order to sell your shares at the current market price.

Now let's say you have a profit target of $15 for the same stock. You can enter a limit order to sell at $15. This order will only be executed if the market trades at $15 or higher. You are guaranteed to get your price IF the limit order is executed.