Stop Limit OrderWhat is a stop limit order? Trailing stop and limit orders. Stop loss and limit orders defined.
Unlike a stop market order which buys or sells the shares immediately at the current market price, a stop limit order becomes a buy limit order or sell limit order. The shares will not be bought or sold unless the price returns to the limit price. There is no guarantee that this will happen.
Trailing Stop and Limit OrdersA trailing stop limit differs from a stop limit in only one way: The stop and limit price automatically adjust as the share price changes. Go to Trailing Stop Order for a full explanation of how trailing stops work.You may not be able to set these two types of stop loss and limit orders on OTC stocks or with every online broker. Brokers that do allow these stock market stop orders may charge you more to use them.
|