Options Trading Tutorial

how do i set up to sell a stock at a certain declining price and price increase both at the same time?

Im trying to sell a stock on my scottrade account but I want to have both options if it falls below a certain price for it to automaticaly sell and if it goes above a certain price automaticaly sell.

Public Comments

1. I'm not sure you can. I use Fidelity and I can have only one order on a stock at one time. In other words, either a stop loss order or limit sale order. Not both. The thinking is probably that once wither order executed, the remaining one would be invalid.