subject: Stock Trading Stop Limit - When to Use a Stop Limit Order [print this page] Now if the stock hits your stop you are outNow if the stock hits your stop you are out. If the stock gaps down to say $17 you want to take the small loss and run. You do not want to hold onto it and have it fall to $15, $10 or even lower. Stock Trading Stop Limit
Stock Trading Stop Limit - When to Use a Stop Limit Order