Which type of stock order would I use to sell a stock that hits a price or drops below it?

sell stop ordersell stop order is entered at a stop price below the current market price; if the stock drops to the stop price (or trades below it), the stop order to sell is triggered and becomes a market order to be executed at the market’s current price.

What are the 4 types of stock purchase orders?

Limit Orders

• Buy Limit: an order to purchase a security at or below a specified price. …
• Sell Limit: an order to sell a security at or above a specified price. …
• Buy Stop: an order to buy a security at a price above the current market bid. …
• Sell Stop: an order to sell a security at a price below the current market ask.

What are the 5 types of orders?

When placing a trade order, there are five common types of orders that can be placed with a specialist or market maker:

• Market Order. A market order is a trade order to purchase or sell a stock at the current market price. …
• Limit Order. …
• Stop Order. …
• Stop-Limit Order. …
• Trailing Stop Order.