What are the pro's and con's of each type of stop sell. I have a security i would like to set a stop sell on, but it does not have a lot of volume, is a stop limit more risky than a stop market in this scenario ?
Also please correct me if i am wrong with my over simplified definitions of each type of stop sell.
Stop Limit Sets an exact price to sell a security, after a trigger price
Stop Market Sells a security at the market price, after a trigger price
Trailing Stop Limit Sells the security at a specific price if the security moves a certain percentage away from the market price (trigger delta ?)
Trailing Stop Market Sells the security at the market price if the security moves a certain percentage away from the market price (trigger delta ?)