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Stop-Limit Order

The only type of sell-order I use: Stop-Limit Order.  This does not help with a gap down where your stop-limit order does not execute. That is why I use other techniques to hedge portfolios.

"A stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order.  Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better).  The benefit of a stop-limit order is that the investor can control the price at which the order can be executed."