Stop-limit order

(redirected from Stop Limit)

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 ?
More to the point, have they actually sold out or are they staying in the market and placing some stop limit orders that get them out if it turns negative?
Japan's Nikkei index rallied from early losses as Nintendo soared more than 21 percent hitting its daily stop limit, after the company announced plans to enter the mobile gaming market.
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.
Stop Limit Order: This becomes a limit order when a specified price is reached or passed.
If the physician orders a drug that exceeds a soft stop limit, a hard stop alert is provided with instructions on how to resolve the problem, along with normal dose ranges for reference.
Two new pending order types: Buy Stop Limit and Sell Stop Limit
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Easily adjusted stop limit blocks are fitted at the top and bottom of the track to adjust the normal stopping position.
New York Doctors, Lawyers File Joint Suit to Stop Limit on Insurance Claim Deadlines, TRIAL, June 2000, at 108.
A stop limit order lists two prices and is an attempt to gain more control over the price at which your stop is filled.
I was close to my stop limit, but sufficiently buoyed by another trade to let this one roll.
The site is free for Scottrade customers and makes it easy for investors to view account information, including balances, order status and positions, as well as to react to real-time market changes by enabling them to trade stocks and exchange-traded funds (ETFs) with market, limit, stop, stop limit and trailing stop orders.