Stop order

An order that becomes a market order once price crosses a trigger level. Used for breakouts and stop losses.

Stop buy above current price fires on a breakout. Stop sell below fires on a breakdown. When triggered, it fills at market so slippage applies. Don't confuse with limit orders - stops chase momentum, limits wait for pullbacks.

Learn to actually use Stop order.

Definitions are the easy part. The free first five modules put this on a real chart and make you do the work. No card required.