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
- How to Get HDTV Channels For Free
- The Survey Results Moving Apple's Shares Today
- 8 Ways to Increase Your Credit Score to Get the Lowest Mortgage Rates
- You'll Never Believe How Many People Are Stealing Netflix and Dish's Sling
- What do CCAR results mean for the biggest US banks?
- These 3 Net Neutrality Rules Will Change American Broadband Forever