Stop order

The idea

A trigger-based order that typically becomes a market order; stop-limit is distinct.

Try the scenario

A sell stop becomes active after the trigger under venue rules.

Check your understanding

Which statement is supported by this definition?

• A trigger-based order that typically becomes a market order; stop-limit is distinct.
• This concept guarantees the next five candles.
• A stop order always fills at its trigger price.

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