Question 1

What is the difference between a stop order and a stop-limit order?

Accepted Answer

A stop order becomes a market order when the trigger price is hit, so it fills fast but at whatever price is available. A stop-limit order becomes a limit order at the trigger, so it protects your price but can fail to fill if the market gaps past your limit.

Question 2

What is a bracket order?

Accepted Answer

A bracket order pairs an entry with two pre-set exits: a take-profit on the winning side and a stop-loss on the losing side. When one exit fills, the other is usually cancelled automatically, so the trade is managed even if you step away.

Question 3

Does a stop-loss guarantee I will not lose more than planned?

Accepted Answer

No. A plain stop becomes a market order when triggered, and in a fast move or a gap the fill can be worse than the stop level. A stop reduces and defines risk in advance, but it does not guarantee the exact exit price.