Limit Order
A Limit order allows you to set the exact price at which you’d like to buy or sell a stock.
For example, you might want to buy £150 worth of a stock if the price drops to £74 per share, or sell 5 shares if the price rises to £90.
With a Limit order, your trade will only go through at your chosen price or better.
Stop Loss
A Stop loss is a sell order designed to help limit losses if a stock’s price drops below a certain level.
For example, if a stock is currently worth £70 per share, you might set a Stop loss to sell your shares if the price falls to £67.
This helps reduce the risk of further losses. However, the final sale price may be close to-but not exactly-the one you set, depending on market conditions.