Shmoop Finance

You're talking to your cousin on the phone and he says he's making cookies for the upoming family reunion. You tell him, "Make sure you put in enough chocolate chips."

Sell Plus is like the financial equivalent of that instruction. The process involves leaving instructions with your broker to sell a specified amount of stock above the current market price. You don't leave a particular price target; you don't say "Okay, the stock's at $10 now, so sell when it gets to $10.75." Instead, you leave the precise details up to your broker.

However, you tell them to at least get a price above where it's trading now. If it immediately slips below the current level and stays there, you'll hold onto the stock. You'll wait until it rebounds and gets above the market price.