Academy › Glossary › Orders & Trading
A stop order that becomes a limit order, not a market order, once triggered.
You set two prices: a stop price that activates the order and a limit price that caps what you will accept. It protects you from a bad fill, but if the price gaps through your limit, the order may not fill at all and you stay in the trade.
Guides, short videos and a plain-English glossary in one place, with tools to try each idea on real market data. The basics are free.
Create a free accountOpen PDB Academy