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Jul 12, 2019 · When it comes to managing risk, stop orders and stop-limit orders are both useful tools, but they aren’t the same. Join Kevin Horner to learn how each works and … Limit orders and stop orders explained – Collective2 ... A "stop loss" is an order you place at a broker which is designed to limit your loss. It is an exit order, or, in Collective2-speak, it is a "to close" order. You might buy IBM when it is at approximately $80 dollars, and place a stop loss order to Sell To Close IBM at stop $60 -- in other words, to sell IBM if the stock ever goes below $60
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