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No. of Recommendations: 12
what are your thoughts on stop-limit orders?

My own view:

They completely solve the problem of normal limit orders, which is that they turn into market orders which are very dangerous.
But they kind of defeat the idea of a stop order.
You don't know if it will fill.
The times you want it to have filled, it won't.
So... I don't really see the point of them.

Rather counterintuitively, I find it's better to watch the stock yourself, and decide at any given time.
Or set an alarm, which many brokers allow, so you know when to watch.
Then you can decide at the time.

Or, use a fancy order.
If price X is touched, sell with a limit of X-k.

Personally I just watch the prices.
And not all that often, either...wild excursions are pretty rare.
Most times (not always) missing a big price move is dangerous only if you own something you shouldn't.
e.g., something wildly priced.

Jim
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