What type of order would it be?

[charlesczc]

Hi!

Given that I have a long position in stock A, I intend to sell it if it drops below $50 or rises above $60. How should i execute an order to meet both criteria?

Thank you.

 

[highbury fx]

Hi!

Given that I have a long position in stock A, I intend to sell it if it drops below $50 or rises above $60. How should i execute an order to meet both criteria?

Thank you.

Attach an OCO instruction to the open position to sell on stop at $49.95 and a limit order to sell at $60.05.

The OCO will fill whatever order is triggered first and cancel the remaining order, hence the order type One Cancels Other