An order that becomes a limit order after a specified price (the "stop" price) has been reached. A stop limit order on a sale is placed below the current market (usually to limit losses or protect unrealized gains). A stop limit order on a purchase is placed above the current market (usually to protect short positions). For listed securities, stop limit orders become limit orders when the stock trades at or beyond the stop price and will execute at the limit price or better if that price can be attained. Sell-stop limit orders on OTC securities become limit orders when the stock is bid at or lower than the specified price. Buy-stop limit orders on OTC securities become limit orders when the stock is offered at or higher than the specified price. Stop limit orders are not available for Bulletin Board securities. See: Limit Order; Listed Security; Orders; OTC; Stop Order
Combination of a stop order and a limit order; an order to buy at the stop price or lower, or to sell at the stop price or higher. When the stop price is reached, the stop limit order becomes a limit order.
An order which becomes a limit order once the specified price is reached. It is similar to a stop order.
Purchase or sales order that becomes a Market order when the Stop limit entered is reached.
Used by the trader who doesn't wish to be filled any worse than his stop price. Here, the stop and limit prices specified on the order are one and the same. This order becomes a straight limit order if, once the stop is elected, the broker is unable to execute the order at the stipulated price or better. Also, a stop limit order will be placed as a straight limit order if, when received by the exchange, the stop price already has been violated.
an order that goes into forc
an order to buy or sell a security at a specified limit price once the security has traded at or through a specified stop price
an order to sell a position at a specific price and no lower than that price, if the stock drops to that price or to buy to cover a stock sold short at a specific price and no higher than that price if it rises to that price
an order which becomes a stop (such as a stop loss) once the price is reached
a stop order which becomes a limit order if and when the market reaches a designated price
a stop order with a fix price limit that usually results in you obtaining a better fill then you could get with a stop order
a variation on the stop order
An order to a broker to buy or sell a security once the market price goes through the stop price.
An order that becomes a limit order only when the market trades at a specified price.
An order which becomes a limit order once the security trades at the designated stop price. A stop limit order instructs a broker to buy or sell at a specific price or better, but only after a given stop price has been reached or passed. It is a combination of a stop order and a limit order.
An order to buy or sell when a given price is reached or passed, but at that price or better. A stop limited order to buy always specifies a price above the present market price; when the market price reaches the stop limit price, the stop limit order to sell specifies a price below the present market price.
A stop limit order to buy becomes a limit order executable at the limit price, or at a better price, if obtainable, when a transaction in the security occurs at or above the stop price after the order is represented in the Trading Crowd. A stop limit order to sell becomes a limit order executable at the limit price or at a better price, if obtainable, when a transaction in the security occurs at or below the stop price after the order is represented in the Trading Crowd.
An order to buy or sell a certain quantity of a certain security at a specified price or better, but only after a specified price has been reached. Essentially a combination of a stop order and a limit order.
This is similar to a stop order. It is an order which becomes a limit order once the specified price is touched. For example, if a stock gaps passed your stop limit order, you will not be executed on the next trade as a market order. Your limit price will remain and will be triggered if the stock reaches back up to your stop limit order price.
A combination of a limit order and stop order. It's a request to buy or sell a specific stock at the market price, but only when the stock reaches or exceeds a price that you specify (called the stop price). Once the stock price reaches your price specification, it becomes a limit order.
A type of Stop Order, which specifies the price at which the stock must trade.
An order that becomes a limit order when it reaches or exceed the specified price.
Similar to a stop order, the stop-limit order becomes a limit order, rather than a market order, when the security trades at the price specified on the stop.
A stop order that becomes a limit order after the specified stop price has been reached. (See: Limit Order, Stop Order)
An order placed below the current price of a stock to protect it from loss. Here's how it works. You watch a stock trade from $23 to 24 then back to $23 every day for 2 weeks. You want to sell if it falls below $23, so you put in a stop limit at $22.50. On the day you place the order, the stock drops from $24.00 to $22.49, executing your limit order. As soon as your shares are sold, news comes out that drives the stock to $30. Also called a magnet.
A combination of a Limit Order and a Stop order used to protect a profit or limit a loss – This is a request to Buy or Sell a security at a specified limit price or better, but only after the specified stop price has been reached or passed. Even if the stop price is triggered, a Stop Limit order guarantees the limit price, but not the execution. For comparison, see Stop Order.
An order type which essentially combines a stop order and a limit order. As with a stop order, a level is specified at which the order is activated. However, unlike a simple stop order where once the order is activated it is merely traded at the prevailing market price, this order type also has a limit attached. The limit prevents the trader from paying more or receiving less than a particular specified price. For example, a buy stop on a FTSE future with a stop of 6000 and limit of 6010 means that if the market reaches 6000 the buy order is activated, but that the dealer should pay no more than 6010 for the future.
A Stop Limit order is similar to a stop order in that a stop price will activate the order. However, the stop order becomes a market order when elected, but the stop limit order becomes a limit order.
Like the stop order, this order goes into force only when there has been a trade somewhere in the pit at the stipulated price level. But the stop limit order, however, can only be filled at the stop limit price or better.
This order is similar to a stop order, but it becomes a limit order instead of a market order when the price is reached or passed. Buy stop limit orders are entered above the current market; sell stops are extended below it.
An order that goes into force as soon as there is a trade at the specified stop price. The order, however, can only be filled at the limit price or better. The stop price and the limit price can be the same or different. The stop price is the price level specified in the order.
A order to buy or sell which is not to be executed until the market price reaches the customer's defined price, known as the stop price. When this occurs, it becomes a limit order.
A stop limit order is an order that goes into force as soon as there is a trade at the specified price. The order, however, can only be filled at the stop limit price or better.