Can you have a stop limit order and a profit target sell order at the same time?

A stop limit order combines the features of a stop order and a limit order. When the stock hits a stop price that you set, it triggers a limit order. Then, the limit order is executed at your limit price or better. Investors often use stop limit orders in an attempt to limit a loss or protect a profit, in case the stock moves in the wrong direction.

Keep in mind, short-term market fluctuations may prevent your order from being executed, or cause the order to trigger at an unfavorable price. For example, if the market jumps between the stop price and the limit price, the stop will be triggered, but the limit order will not be executed.

Also, once your stop order becomes a limit order, there has to be a buyer and seller on both sides of the trade for the limit order to execute. If there arent enough shares in the market at your limit price, it may take multiple trades to fill the entire order, or the order may not be filled at all.