ok so i wonder if somebody can explain how you should use these two orders when buying a stock or shorting a stock.

For an example if i place a limit order at 10 dollars will then the execution happens only if the stock reaches 10 dollars or if the stock goes down below 10 then it becomes a market order and gets filled.

 

so i understand why you should buy stock with limit orders.

so if i buy a stock at 10 with limit order and then it goes up at 11 and i want to sell it wich order type should i use limit or market?

 

and if the stock goes down below 10 after i bought it and i place a stop loss order at 9 will it get executed as market order at 9 to take me out of the position and to save me from losing money when i use stop loss orders?

 

and what if i want to short a stock let say i want to short it at 3 and buy it back buy the the cover at 2.70, how should i use limit orders and how should i use stop loss orders in this situation?

which order types do you use when you are shorting a stock and how do you protect your self , in other words wich order types protects you?

 

i would appreciate if somebody could explain it to me in simple english

limit and stop loss orders in buying or selling situation.