Stop and Limit prices

[Tater10]

You can make a the limit price anything below the stop price.

Example: You have a 62.05 stop with a 61.80 limit. If the stock hits 62.05 (or lower), you will sell down to 61.80 immediately. If not, you are offered at 61.80. This obviously will not protect you if the market gaps lower to 57 on the open for example.