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Gotcha- that makes more sense.

But when the normal trader talks about putting stops in place, wouldn't they be just fine putting a limit in place?

Say I buy in at $20, but I want to sell if it drops to $18, I can just put a limit order to sell at $18, good for 60 days (I didn't see a good till canceled option at ETrade).

So limit, stop and stop limit orders don't cost anything until they execute? ETrade charge 75 cents per contract- does that mean it would cost you 75 cents if it doesn't execute and a normal trade fee plus 75 cents if it does?
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