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
- 1 Money Mistake I Wish I Could Take Back
- Ohio's Recreational Marijuana Initiative Faces a Major Challenge
- Baidu: Is It Pronounced Buy Dude or Bite You?
- Say Hello to Medical Marijuana's Biggest Threat
- The 401(k) Withdrawal Penalty and 10 Ways to Get Around It
- Apple, Inc. Could Sell Over 13 Million New iPhones This Launch Weekend