I want to place a sell order so that if the stock goes down by say $2.00 per share, it's sold automatically. I think this is called a "stop loss" order, but I'm not sure.
Here's where I got stuck.
My paper trader offers me only a "limit" order or a "stop" order when I try to place my sell order.
My question is, should use a limit order or a stop order to achieve my objective?
Thanks in advance for any help you may be able to provide.
I didn't find the right solution from the Internet.
