Support Board
Date/Time: Sat, 10 May 2025 18:40:24 +0000
Post From: Confused re operation of Buy/Sell Limit Orders on ChartDOM
| [2016-02-10 11:51:59] |
| User13668 - Posts: 294 |
|
But doesn't a Stop Order just get turned into a Market Order when the specified price is touched. In my example: price falls from $35 to $30, my Sell Stop Order at $30 would be triggered ie it will be turned into a Market Order by which time the market could be at $29.99, or $29.98 etc. In other words a Sell Stop order exposes me to slippage. Whereas a Limit Order will only fill me on my sell at $30 or BETTER. Yes, I know there is a chance I may never get filled. |