Stop Order

Order to sell just when a stock trades at or below a certain price; or order to buy just when a stock trades at or over a certain price. Likewise called a stop-loss order.

Features

• Stop orders are orders that are set off when a stock maneuvers past a specific price point. Past that price point, stop orders are changed over into market orders that are executed at the best accessible price.
• Stop orders are utilized to limit losses with a stop-loss or lock in profits utilizing a bullish stop.
• Stop orders are of different types: buy stop orders and sell stop orders, stop market, and stop-limit.