[Red Barron]

You've been accumulating shares of a stock in increments over the past year during its S2 run. You trail a stop loss limit order because if the stock crashes hard you don't want your broker to sell any remaining unsold shares below your cost basis. You figure eventually the stock will recover and break above your cost basis in the future so that you may then sell those remaining shares, or decide to hold onto them further. Is using a stop loss limit instead of stop loss a good idea to avoid taking a potential loss if your stock crashes hard and your order isn't able to be filled near the stop? I think Weinstein advocated using just stop losses. But nowadays, with computerized trading, shorting, and naked shorting, your stop loss order might not get filled above your cost basis. This is a concern of mine, especially when investing in volatile stocks/markets. Are there any strategies to deal with the above scenario in a better or alternative way?