How to cancel limit order if market would immediately trigger stop loss condition?

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Yes;
its not rocket science.
To answer his question; tend to let profits run past $52...…….[I was aiming for a larger profit than $55 on UDOW ,APR tends to be superstrong in DOW.I made a smaller profit than I planned+ it took longer than I planned/limit order.]Dow tends to underperform SPY/QQQ except APR.
Even though his math is fine= risk $1 to make $3; I like ibd guide= risk $8 to make 24 Its not the same math really/ less slippage on $8 profit than $3...……………………………………………………….generally speaking.Plus much more likely to get a $1 stop hit than $8 stop...………………………………………………………………………………………………………...