The stop price converts an order to a buy or sell order, while the limit/market price sets the minimum, or maximum a trader is willing to buy or sell at , respectively.
Read moreWhat is stop limit example?
The stop price is a price that is above the market price of the stock, whereas the limit price is the highest price that a trader is willing to pay per share. For example, if John intends to buy ABC Limited stocks that are valued at $50 and are expected to go up today, he can put a stop price at $55 .
Read moreWhat is the purpose of a stop limit order?
A stop-limit order is an order to buy or sell a stock that combines the features of a stop order and a limit order . Once the stop price is reached, a stop-limit order becomes a limit order that will be executed at a specified price (or better).
Read moreWhat does limit mean on Binance?
Limit orders set the maximum or minimum price at which you are willing to complete the transaction , whether it be a buy or sell.
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