What is the type of stock order called when you only agree to short sell a stock at a certain price level?

Question

For example, I know that I can place a Buy Stop order if I want to take advantage of momentum from high volume at a price level above the existing level. This is only when I'm long on a stock. I want to activate a sell short once it hits a lower price level .Basically, I am asking for the name of the concept of a Buy stop except when you apply it to a short sale trade. Thanks.

Answer 1

A Sell Stop is an order to sell placed below the existing market. Once it drops to that price it becomes a market order to sell (direct opposite of a buy stop)

Answer 2

Stop Loss Order

Answer 3

a reduce order to promote at 18 will accomplish your one objective. And mark it for GTC solid till eventually cancelled. in case you opt on to do both one among what you listed, you opt on to apply commerce triggers - i don't understand how they artwork at scottrade, in hardship-free words etrade. look contained in the help area or call scottrade and they're going to stroll you by skill of the technique.