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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.
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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)
Stop Loss Order