Investment technique that triggers an automatic stop and sell order of an underlying security if a predetermined price level have been achieved. A hard stop is put into place when the initial investment is made and does not kick in until the price level has been reached.
Related information about hard stop:
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In Corporate America, you will often hear the use of the phrase hard stop. If somebody has a hard stop it means that they have something scheduled immediately ...
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- Hard Stop Definition | Investopedia
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- Simulate double-sided translational hard stop - MATLAB
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