The above can be used to place either a “Stop Order” or a “Limit Order”, but realize that once it is activated that you don’t have either a Stop set for loss, or a Limit set for profit (which you should have at least a stop set). What you have to realize is that though the words “Stop” and “Limit” are used to define those order types for entry you MUST understand that you shouldn’t confuse them with being a “Stop” for loss or a “Limit” for profit. The fact that those words are used to define two different concepts is what leads many people to confusion, so be sure to get these ideas straight in your mind.
