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Greetings,

http://stocks.about.com/od/tradingbasics/a/markords.htm has the definitions just in case one needs them.

Limit is all about that, setting a limit on the price. Now there are buy and sell limit orders as well as the stop-limit order where the stop triggers a sell limit order rather than a market order.

Trailing goes with stop and is often used to protect gains and is entered as a percentage rather than a specific level in the case of a stop-loss order.

Stop has a few forms: Stop-loss, trailing-stop and stop-limit. Stop-loss is simply where once the price of a stock crosses a specific price threshold then a market sell order is fired off. Trailing stop requires a % drop rather than a price threshold to fire off the sell order. Stop-limit is where you specify 2 prices: Where you want the stop to be activated and then what is the limit for the sell order? This is to try to provide some protection in a sense since you may want to sell between a given pair of prices rather than just if the stock goes below some value.

If you are still confused, please specify where a bit more to help.

Regards,
JB
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