A Sell Limit Order is an order to sell a specified number of shares of a stock that you own at a designated price or higher, at a price that is above the current market price.This is your limit price, in other words, the minimum price you are willing to accept to sell your shares.he main benefit of a Sell Limit Order is that you may be able to sell the shares that you own at a minimum price that you specify IF the stock's price raises to that price. Sell Limit Orders are great for maximizing profit-taking.