| Stop order | Stop-limit order |
| Offers execution protection only, not price | Offers price protection only, not execution |
| No costs if not executed | No costs if not executed |
| Tends to work well in slowly trending markets | Tends to work well in slowly trending markets |
| Generally does not work well in halted or gapping markets | Generally does not work well in halted or gapping markets |
| Must be manually canceled and re-entered | Must be manually canceled and re-entered |
Disclosure Title
Source
Disclosure
Schwab Center for Financial Research