I am new to trading and do not understand the difference between a stop limit and a stop loss. What is the difference between the two order types and when should each be used? Thanks, A.Y.Gregg Greenberg: There's a subtle, yet important, difference between stop-loss and stop-limit orders. And it matters most when things, as they occasionally do on Wall Street, get a little out of control.
Stop Limit vs. Stop Loss: Orders Explained
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