How do you place orders to CLOSE and STOP at the same time. Maybe I did something wrong. Is there a way to place an order to close my positions and stop loss together? I HSOA at 5.4 and I want to place a stop loss at 5 and sell order at 6. So either it hits 5 or 6, I will close out my positions. My current retail broker does not allow me to place two orders at the same time: sell and stop loss, for the reason that i over sold my positions. What I do currently is 1 STOP and SHORT, then ask them to wash the shares. 2 STOP 50% of the share and SELL 50% of the shares. That case I also have 50% for unlimited risks. I only use this when I don't see the directions clear enough.