Create a transparent shape with border only

Create a transparent shape with border only

Step 1 > Right click Rectangle Marquee tool and select the shape as per your requirement.

Step 2 > Drag the mouse until the marquee create your required shape

Step 3 > Go to Edit Menu and Select Stroke you will get stroke dialog box

Step 4 > Set the Width,Color as per your Border color and width requirement

Step 5 > Set the location
               ( Inside : - the border appears inside of the Marquee line
                 Center : - the border appears centered over the Marquee line
                Outside : - the border appears outside of the Marquee  line )

Step 6 > Opacity as per your requirement and press OK


Step 7 > then click on layer or press [Ctrl]+[D] see the Result

Using Mode: Dissolve

See Result