Stop-limit order

(redirected from Stop Limit Order)

Stop-limit order

A stop order that designates a price limit. Unlike the stop order, which becomes a market order once the stop is reached, the stop-limit order becomes a limit order.

Stop-Limit Order

A stop order that becomes a limit order when the stop price is reached.

stop-limit order

A specialized order in which a limit order and a stop order are combined. Once the specified stop price has been reached or exceeded, the stop-limit order becomes a limit order. A stop-limit order differs from a stop order, which becomes a market order when the stop price has been reached or exceeded. A stop-limit order to buy must have a stop-limit price above the market price; conversely, a stop-limit order to sell must have a stop-limit price below the security's market price. In response to a stop-limit order specifying "sell 100 GY 15 stop limit," once the stock sells at or below $15, the order becomes a limit order to sell 100 shares at a price of $15. A variation of the stop-limit order specifies a limit price lower than the stop price.

Stop-limit order.

A stop-limit is a combination order that instructs your broker to buy or sell a stock once its price hits a certain target, known as the stop price, but not to pay more for the stock, or sell it for less, than a specific amount, known as the limit price.

For example, if you give an order to buy at "40 stop 43 limit," you might end up spending anywhere from $40 to $43 a share to buy a stock, but not more than $43.

A stop-limit order can protect you from a rapid run-up in price -- such as those that may occur with an initial public offering (IPO) -- but you also run the risk that your order won't be executed because the stock's price leapfrogs your limit.

References in periodicals archive ?
A stop limit order lists two prices and is an attempt to gain more control over the price at which your stop is filled.
Speedier point-and-click functionality of all transactions with a guaranteed locked-in trade -- Automated tick-sensitive orders, and stop and stop limit order types
Additionally, tick-sensitive orders and stop and stop limit order types will be automated.
Perfect for traders who prefer market execution but still want to trade on a MetaQuotes platform, FxPro MT5 also features a number of updates to its predecessor, including: more timeframes, drawing tools, buy and sell stop limit orders, tick chart trading and full market depth.
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95 trades for market, limit, stop and stop limit orders of any amount of shares, with no prior minimum amount of trades required, no minimum account balance, and for all account types.
Users can also trade options with market, limit, stop and stop limit orders via the mobile trading site.
has released significant software enhancements to its TradeCast Elite(TM) direct-access trading system incorporating additional "high demand" direct order entry capability, including Stop and Stop Limit orders on Nasdaq securities.
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