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Date/Time: Sun, 28 Apr 2024 04:26:42 +0000

Post From: Confused re operation of Buy/Sell Limit Orders on ChartDOM

[2016-02-10 11:51:59] Link To Thread - Link To Post [Go To First Post]
User13668 - Posts: 291
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.