Stop-Limit Order

Stop-limit orders prevent slippage but risk non-execution. Regular stop orders can fill at terrible prices during volatility. Stop-limits give you control—but if price gaps through both your stop and limit, you don't get filled at all. You're still holding a losing position. Use stop-limits when you want slippage protection and can accept the risk of missing the exit. Use regular stops when getting out matters more than the exact price. The gap between stop and limit should be wide enough to catch normal volatility but not so wide it defeats the purpose.