1. Last week you sold a gold futures contract at $390 per ounce. The current price for a gold futures contract is $400 and so you are now losing $10/oz. You do not want to incur a loss of more than $20/oz. What order would you place with your broker now to try to limit your loss to this amount?

2. Last week you sold a gold futures contract at $415 per ounce. The current price per ounce for a gold futures contract is $400 and so you are now ahead by $15/oz. You would like it if the price of gold keeps falling, but you want to try to insure that you close out this trade with a gain of at least $5/oz. What order would you place with your broker now to try to accomplish this?