Stop limit order
For example, if you bought a stock at $10 that's now trading at $20 and you want to sell if the stock hits $18.25, but you don't want to accept anything less than $18, you can place a stop limit order with, for example, a stop at $18.25 (triggers the order) and a limit at $18 (puts a floor on the acceptable price). It should be noted that the stop limit will get you the price you seek (if it's available), but it doesn't guarantee execution.
Recent Mentions on Fool.com
- Why I Stopped Wringing My Hands and Finally Bought Shares of Capstone Turbine
- The Truth Behind Comcast's $1.50 Retransmission Fee
- Is this Exelixis Stock's Worst Nightmare?
- Boeing Company Earnings: Why the Sky's the Limit
- Why It?s Important to Become Successful Slowly in Real Estate
- 10 Reasons Your Prescription Drug Prices Are So Painfully High