What order type to use to set up take profit when I take a long position?

V

vincegata

So, I take a long position on an asset, I set up stop loss using Sell Stop order with the price below the current price. What order type I use to set up take profit besides Limit order? I want to use market-type of order to be sure it'll be executed.

Thank you.
 
Quote from vincegata:

So, I take a long position on an asset, I set up stop loss using Sell Stop order with the price below the current price. What order type I use to set up take profit besides Limit order? I want to use market-type of order to be sure it'll be executed.

Thank you.
More...

depends on your broker and platform, but you should be able to use a Market if Touched (MIT) order...

Market if Touched (MIT) is an order to buy (or sell) a contract below (or above) the market. This order is held in the system until the trigger price is touched, and is then submitted as a market order. An MIT order is similar to a stop order, except that an MIT sell order is placed above the current market price, and a stop sell order is placed below
 
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