I'm sure some of you will ask what a Market Order is.  Think of it this way.  Let's say all the prices at Target were constantly changing and you wanted to buy a T-Shirt.  A Market Order will charge you whatever the price the shirt happens to be when you get to the register.  So, if you picked it up when it was $10 and it's $50 at the register, you pay $50.

A Limit Order is different.  On a Limit Order you say how much you are willing to spend, but not a penny more.  "This shirt is $10, but I'd pay $11 for it."  So, you'd put a Limit Order for $11 and anytime the price falls below $11 you buy.  If it goes above $11, you don't.

Same goes for sales.  If you are willing to take $12 for that shirt, but nothing less, you put a limit order for $12.  Don't set your sales to Market Orders!

For stocks, this is how you trade.  Always lose Limit Orders and put the exact price you are willing to spend/sell at and you'll save yourself a lot of losses that are unnecessary if you had used Market Orders.

Invest in peace...