The term sell plus order refers to broker instructions to sell a stock at a price that is above the current market. Sell plus orders are placed by traders hoping to take advantage of a short-term advance in a stock's market price.
A trader will issue a sell plus order to their broker when they would like to sell a stock under very specific circumstances. Generally, there are two market conditions that can result in the execution of a sell plus order:
The selling price for the stock must be higher than the last sale's price, if that sale was a zero plus tick or a plus tick.
The selling price for the stock cannot be lower than the last price plus a specified change in the stock's price, if the last sale was a zero minus or minus tick.
A trader would like to sell shares of Company XYZ, but she would like to take advantage of a near term increase in the price of the company's stock. The trader places a buy plus order for 1,000 shares of stock at a price of $22.00; however, the current market price is $20.50.
This trade will execute if the price of Company XYZ's stock ticks up to $22.00 or moves past $22.00.
scale orders, round lot orders, Order Protection Rule, odd lot orders, buy minus orders
Explore Investing Further
Trading has never been easier, thanks to the rise of online platforms that enable you to buy and sell various assets at the click of a button. But with so many options available, it can be challenging to decide which platform is right for you.
Looking for a way to avoid swap fees while trading forex?
Below listed are the small reviews of the top 10 ETF brokers available across the United States.
Our top beginner's pick for copy trading is eToro. Read on for more details, plus seven good alternatives.
Swing trading stocks can be a great way for investors to take advantage of short-term stock market movements and gain significant returns. If you're interested in swing trading, the key to success lies in selecting the right stocks to buy and sell quickly for a profit.
The table below lists the best stock picks under $2, listed on public exchanges.
The table below lists the best stock picks under $1, listed both on public and OTC exchanges.
This section will highlight the best EV-trading penny stocks available in the United States.
The demand for sustainable energy has grown rapidly in recent years. This has resulted in increased scrutiny of the automotive market. As a result, the electric vehicle (EV) industry has made significant advancements.
Intelligent Bio Solutions Inc. is a life sciences company, founded in 2016 with headquarters in New York and is engaged in performing diagnostic tests, real-time monitoring, and non-invasive surgery for its patients. The firm has developed a CoV-2 Biosensor, which can be used in RNA virus detection.
Hour Loop was founded in 2013 with headquarters in Redmond, Washington. It’s an online retailer involved in e-commerce in the United States that hit the public markets on Jan 7th of 2022. The company sells home/garden decor, electronic products, kitchenware, and apparel through walmart.com, amazon.com, and hourloop.com.