Always used Vanguard, new to TD. Sorry for basic questions but in putting in a limit stop, is ACT Price the action, then the order is triggered and will sell at the price you input above? Thank You

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This is the contact number for trade support. 8668391100, then wait for Trade Desk option. I can't see much on my phone and don't want to misdirect you. The Trade Desk is really helpful.

The ACT (action) Price is the stock price you want the trade to go into effect. Example, if Stock A is trading at $102 and you want to sell it if it hits $100, $100 would be the ACT Price. The “price” is what you’re looking to sell at. This is where you need to be careful. In our example if the stock tanks and both your ACT Price and Price are $100, your trade may not happen between the price ranked from $101.50 to $99.50 instantly. That’s why some people do a Stop Market instead (sells your stock at whatever the market price is as soon as it hits your ACT price).

You can do either. You can trigger a market buy or sell based on equity price. The other option is to calculate the option premium and put in a limit buy/sell order.

If you want to get fancy you can use an oco order and place a limit buy that automatically had a stop loss and target price.

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