Stop-limit order?
A stop-limit order is an order that is sent to the stock exchange only after a certain trigger or price is reached or exceeded. Once the trigger is reached, your order is sent to the exchange as a limit order. Your order will be executed at this specific limit –the one specified by you – or better. It is therefore also possible that your order will not be executed at all.
For example:
You bought shares at a price of 25 euros. The current price is 30 euros. You want to protect your profits in the event of a sudden fall in prices. At that point you can choose a stop-loss order or a stop-limit order.
If you want to be sure of the minimum price you want to receive for your securities, you should choose a stop-limit order.
For example, when the price falls below 29 euros, you want to sell your shares but you want to receive at least 28.95 euros for them. In that case, set the trigger at 29 euros and the limit at 28.95 euros. For example, if the price immediately drops to 28.70 euros, the limit order will not be executed and will remain open at 28.95 euros.
When selling, your trigger must be lower than the last price, while your limit must be lower than the trigger.