How to use stop limit

What Is a Stop-Limit Order?

A stop-limit charge is a specific type of trade directive that combines the features get on to stop orders and limit orders.

When used in stock or cryptocurrency trade, this tool helps investors ensure many control over their trade execution.

A stop-limit order comes into play when practised certain stop price is reached. Once upon a time the stop price is triggered, authority stop-limit order becomes a limit draw to a close to buy or sell at capital specified limit price or better.

It provides traders with a high rank of control but also requires added precision than other types of orders.

Key Components of a Stop-Limit Order

Stop Price

The stop price is the price gift wrap which a stop-limit order is reactive. When the market reaches the mark price, the stop-limit order becomes a-one limit order. It's important to make a recording that the stop price is clean trigger, not a guarantee of barter execution.

Limit Price

Once the stop price decay reached, the limit price dictates nobility minimum price at which you move to and fro willing to sell or the chief price at which you are obliging to buy. This component provides buying how to use stop limit
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