The user specifies a stop trigger price for the position. A stop limit order has both a trigger price and a limit price set. A stop limit order is not guaranteed to be executed in the market.
Sell-side: Stop order is always placed below the current market price and is used to limit a loss or protect a profit on a long position.
Buy-side: Stop order is always placed above the current market price. It is used to limit a loss or help protect a profit on a short position.
Sell-side: If you submit a stop limit order at $26 and a set limit price at $25, a sell limit order will be submitted when the stock price drops to $26.
Buy-side: If you submit a stop limit order at $33 and set a limit price at$35, a buy limit order at $35 will be submitted when the stock price rises to $33.
Notes:
Moomoo MY executes stop limit orders with the following triggers conditions:
● Sell-side stop limit orders become limit orders when the last traded price is less than or equal to the stop price.
● Buy-side stop limit orders become limit orders when the last traded price is greater than or equal to the stop price.