A #STOPLIMIT Order is a smart tool that combines a stop price (the trigger) with a limit price (the execution price) to manage risk. 🎯
Here’s how to use it like a pro:
For Selling: Set your Stop Price slightly higher than your Limit Price.
This ensures your order gets triggered and executed even with a quick drop in the market, helping you lock in profits 📈 or cut losses.
📉 For Buying: Set your Stop Price slightly lower than your Limit Price.
This helps prevent your order from being missed during a fast breakout, ensuring you get your fill. ✅
Think of a stop-limit order as your personal trading assistant, ready to act on your behalf so you can trade with confidence. 🧠
