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Old 10-19-2007, 01:05 PM
Frinkenstein Frinkenstein is offline
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Join Date: Mar 2006
Location: Springfield University
Posts: 552
Default Stop and Limit prices

I just bought my first stock...

I wish to put in a stop limit order just in case it tanks...

So I need to enter a limit price and a stop price. If things go south and I want to sell at 62.05, do I set both the limit price and stop price to that number? Or do the limit and stop prices need to be different?

Thanks in advance for the help.
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