What is a Stop Order?

A stop order is an instruction to submit a buy or sell market order if and when the market price deteriorates to a specified price.

A stop order does not guarantee a specific execution price and may be executed at a price significantly different from the stop price.

A sell stop order is entered at a stop price below the current market price to limit the loss on a long position or to protect the profit.

A buy stop order is entered at a stop price above the current market price to limit the loss on a short position or to protect the profit.

Note: Only limit orders are supported during trading sessions outside regular hours.

You cannot place a stop order for use outside regular hours, and existing stop orders will not be triggered if the stop price is reached during these hours.