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
- 5 Things Continental Resources Inc. Wants You to Know
- Should You Buy the 3 Worst-Performing Dow Stocks of 2015?
- Why Cummins, Breitburn Energy Partners, and Joy Global Slumped Today
- Everything Shoppers Need to Know for Black Friday
- With Defaults On the Way, Will Big Oil Go Shopping?
- Making Sense of SandRidge Energy Inc.?s Most Recent Acquisition