I am trying to understand the value of a Stop Loss order over a Stop Limit order. If I bought $100 worth of stock and want to make $50 on it, I put a Stop Limit order for $150 on it. As soon as a buyer is available at that price or better, it sells. But if instead I do a Stop Loss at $150, it may sell for less. It's not a guarantee that a buyer will ever be available at $150, but it's also not a guarantee that the stock price will ever get to a certain value either and initiate a Stop Loss!
My understanding is coming mostly from stupid AI chatbots, but the alternative now is Googling and getting stupid AI websites, so here I am.
If you want to see the maddening conversation I had with Claude that ended with Claude saying "Uncle," see below.
CLAUDE: "Honestly, given everything we've worked through, I'm struggling to give you a good answer. With a limit order, you set your minimum and if a buyer meets it, you sell. It's hard to see the advantage of a loss/market order over that."
[https://claude.ai/share/515bb0b2-53b6-4b93-92cd-d0a7b54ddcb4](https://claude.ai/share/515bb0b2-53b6-4b93-92cd-d0a7b54ddcb4)