Sell Stop
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Trade at the then best price, but ONLY IF a predetermined price level is met or exceeded. The order must first be triggered (or activated or elected). | ||
Additional Comments:
Example: A client buys XYZ at 65 per share and wants to “bail-out” if the stock hits 60, so theyenter the above order. Nothing happens so long as the stock stays above 60, but once a tradeoccurs at or lower than 60 the order becomes activated and will immediately be filled. Theexecution will be the next price after 60, perhaps more than 60, perhaps less, perhaps exactly 60.
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Related Terms: | ||
Stop Limit This is an order that says once the stock's market price touches or goes below the ... Buy Stop A buy order where the price stipulated is higher than the current price. The rationale here ... Stop Order A stop order is an order to buy or sell a stock once the price of ... |
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