Buy Stop Limit
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| This says, “Don’t buy the stock unless it hits 65 or more, but I won’t pay more than 67.” Used by traders who believe that if a stock gaps from below 65 to above 67 the most likely move in the next day or so will be back down as the market corrects for what would otherwise be an overbought condition. |
Related Terms: | ||
Sell Stop-Limit This is a version of the Sell Stop. This order says, “Don’t sell the shares unless ... Whipsaw Generally a sideways market ("trading market" as opposed to "trending market") with high volatility in which ... Trailing Stop Trailing stops are designed to follow the market price of a stock by a percentage amount ... | ||
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