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Sell order question

So I was wondering if someone could explain this to me. I am day trading on Robinhood with a very small account. I am trying to prepare for a future scenario so I know what to do.

Say I buy into a stock and it goes up, I then place a limit sell but it doesn’t execute and then the stock starts to drop rapidly. Can I immediately do a market sell to close my position or do I have to cancel my limit sell first?

Also, a similar scenario: Say I buy into a stock and then immediately place a sell stop loss. The stock price then goes up and I want to limit sell. Do I have to cancel the stop loss first?

Sell order question – RobinHood – Reddit Feed


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