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Sell Stop-Limit

This is a version of the Sell Stop. This order says, “Don’t sell the shares unless they trade at 60 or less, but I won’t accept less than 58.”

Additional Comments:

99.9% of the time these orders work fine, but occasionally a stock will “gap” from (i.e.) 60.10 to 57.70 because of some very bad news. If this happened the order would have been triggered because the stock was below 60, but would not have been filled because the shares would also be below 58.

Related Terms:

Stop Order
A stop order is an order to buy or sell a stock once the price of ...

Limit Order
An order to buy a stock at or below a specified price or to sell a ...

Sell Stop
Trade at the then best price, but ONLY IF a predetermined price level is met or ...

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