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There's no way to protect profits or limit your losses with a simple sell-stop order.
More sophisticated investors sitting on these shares might want to sell half their position to protect gains and hang onto the rest, with a sell-stop at a certain point to protect any gains.
At one point today, gold hit an air pocket (likely generated by sell-stop orders) and soon all the metals were the site of some pretty panicky selling.
The stock has rolled over now and appears to be on the edge of a potential sell-stop trigger.
To protect yourself from further price erosion, it would be smart to enter an open sell-stop at 10 or 11, but that is a decision you should make. en Español
I sold partial positions in a few financials that I added into the opening abyss (and adjusted my sell-stop orders higher to "ensure" (minus a halt and gap lower) trading for a credit.
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