Stock buy stop limit

Your version of Internet Explorer is no longer supported and may not display all the features of our website. For the best experience, please update your browser with the latest version. A stop-limit-on-quote order is a type of order that combines the features of a stop-on-quote order with those of a limit order.

A stop-limit-on-quote order will be executed at a specified price or better after a given stop price has been reached. Once the stop price is reached by the market, the stop-limit-on-quote order becomes a limit order to buy or sell at the limit price or better. This order is then handled as defined by a limit order. The primary purpose of a stop-limit-on-quote order is to give you more control over where the order should be filled.

The downside, as with all limit orders, is that the trade will not be executed if the stock does not reach the limit price. These types of orders may be placed with special instructions, like GTC good 'til canceled.

Stop-limit-on-quote orders are used by some investors to buy a stock when it reaches a certain price, allowing the investor to buy when the stock has upward momentum behind it. A regular stop-on-quote order becomes a market order as soon as the stop price is reached.

However, a stop-limit-on-quote order becomes a limit order once the stop price is reached. This order takes a little time to reason through. Just like a stop-on-quote order, a stop-limit-on-quote order must be triggered. After the trigger, this order type then turns into a limit order. A stop-limit-on-quote has the potential for triggering and never filling if the stock never travels at or higher than our limit.

This is important and could lead to frustration if not understood. Scottrade has established this guideline due to the possibility of the order being invalid if the market price moves below the designated sell stop price or above the buy stop price. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved your financial circumstances, and your investment objectives.

Stop-Limit Orders | Interactive Brokers

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Stop-Limit-on-Quote Orders | Scottrade

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Stop-Limit Order

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5 Reasons I Use Stop Limit Orders to Enter Trades - Tradingsim

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Search Keywords or Symbol. Open A New Account. Text Resize RSS Print. Stop-Limit-on-Quote Orders A stop-limit-on-quote order is a type of order that combines the features of a stop-on-quote order with those of a limit order. Choose Buy or Sell from the first drop-down box choose Sell for this example. Enter the number of shares and the symbol. Next, select Stop-Limit-on-Quote from the drop-down box next to Order Type.

As soon as you select Stop-Limit-on-Quote for your order type, the stop price and the limit price fields will appear. Both are mutually exclusive and do not require similar prices. In this example, we have decided to make our stop price and our limit price exactly the same. We have decided to use GTC duration for this order.

Review and complete your order as you would any other order type. Call Us At Unauthorized access is prohibited.