sell limit order

An order placed with a broker to sell at a price as good or better than the specified limit price. A sell limit order indicates the lowest price you are willing to accept to sell a security. Your order will be executed at your designated price or better. This helps protect your order from sudden volatility, but it also means you will only sell the security if it reaches the price you’re seeking. You might consider using a sell limit order when price is most important or to set a target exit price when you can wait for the market to move in your favor before exiting a position.