Also note that any reasonable broker has both StopLoss and StopLimit orders. Where it's either a market, or limit order that only gets triggered when the price

Also note that any reasonable broker has both StopLoss and StopLimit orders. Where it's either a market, or limit order that only gets triggered when the price goes to a certain level. (you can stop up too. "Buy if price goes above X", useful for closing short sales, or just getting on a bandwagon).