When you are about to place an order to sell a US stock, you have the option to sell when the stock price increases.
You will then be asked to set a specific stock price.
This means your order will only be executed when the price of the stock you are about to sell is at or above the amount you specified.
This type of order is called a Limit Order. Limit orders refer to:
The option to automatically buy when the price decreases
The option to automatically sell when price increases
Limit orders have extended validity periods, a default of 90 days. You can set a custom expiration date for your orders, which can be less than or equal to 90 days from the date the trade is placed.
The trade, if not executed, will expire at the close of the stock market on the set expiration date. You can also cancel the trade at will, anytime within the expiration period.
When you are about to place an order to sell a stock you have the option to sell when the stock price decreases. You will then be asked to set a maximum amount you are willing to pay. This means your order will only be executed when the price of the stock you are about to sell is at or below the amount you specified.
This type of order is called a Stop Order. You can also set a custom expiration date for your orders for your Stop orders, which can be less than or equal to 90 days from the date the trade is placed.