Stop-Limit Order
Stop trigger with limit price protection
What is Stop-Limit Order?
Stop-Limit Order An order combining a stop price (trigger) with a limit price (maximum/minimum execution price). Once the stop is triggered, the order becomes a limit order rather than a market order, providing price protection but with the risk of not being filled if the market moves past your limit.
Complete Definition
An order combining a stop price (trigger) with a limit price (maximum/minimum execution price). Once the stop is triggered, the order becomes a limit order rather than a market order, providing price protection but with the risk of not being filled if the market moves past your limit.
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