Triggered order (fractional shares) vs Triggered stop loss

Help 👋
1

Can anyone explain to me the difference between these different options when selling shares:

  • Triggered order (fractional shares)
  • Triggered stop loss

I can’t see what the difference is between the two?

2

A stop loss is below market price and a triggered order is above. Neither are an absolute guarantee, they trigger a market order when hit. Limit order is safer for upward movement but it only allows whole shares.

3

Thanks Adam. Is it possible to have more than one sell order running at the same time? For example, a share is trading at $150. I want to have a Triggered Stop Loss at $100, and a Triggered order (Fractional Shares) OR Limit Order set at $200. Is this possible? It does not seem like it is from the app.

4

Not on the same shares, no. You could in theory have 2 limit sells, 2 triggered orders and 2 stop losses, each on 1/6 of your shares. Not sure why but you could…

5

Thanks Adam