Stop Limit Order

Stop Limit Order for Exits
While stop limits can be used for exiting trades, it is not recommended, because if your limit price is not hit, you may not be able to get out of your position.

Definition
Stop Limit order
A stop limit order is a stop order that becomes a limit order if and when a specified price level has been reached.
RELATED TERMS ...

Stop Limit Order - A stop limit order is a futures order that lists two prices and is an attempt to gain more control over the price at which your stop is filled. The first part of the order is written like a regular stop order.

Stop Limit Orders
A stop limit order is a combination of a limit order and a stop order. A stop limit order is used to protect an investor's profit or limit their loss. Once a stock moves past the stop price, a limit order is placed.

Stop Limit Order - this type of order goes into force as soon as there is a trade at the specified price.
Stop Loss Order - at this order type an open position is automatically liquidated at a specific price.

Stop Limit Orders
A STOP LIMIT SELL order is similar to a SELL STOP order, however, the specified LIMIT price is the only price that you will accept for the trade.

Stop limit order - An order that becomes a limit order only when the market trades at a specified price.

Stop Limit Order - Similar to theStop Order with the exception that the order must be filled atthe stop level or at better prices.

Stop Limit Order
Similar to a stop order, but instead of becoming a market order when the price is reached or passed, it becomes a limit order at the specified price.

Stop Limit Order: A stop limit order is an order that goes into force as soon as there is a trade at the specified price. The order, however, can only be filled at the stop limit price or better.
Stop Loss Order: See Stop Order.

STOP LIMIT ORDER
A stop order that becomes a limit order after the specified price has been reached.

Stop Limit Order
A stop order that becomes a limit order after the specified stop price has been reached. (see Limit Order, Stop Order)
Stop Order ...

Stop Limit Order
A command that combines both the stop order and the limit order (the latter is in effect once stock reaches a stop price).
Surprise ...

Stop Limit Order
A Stop Limit order makes it easier to get into a stock at an exact price by combing the stop order with a limit order.

Stop Limit Order - Similar to a stop order, the stop-limit order becomes a limit order, rather than a market order, when the security trades at the price specified on the stop.

Stop Limit Order - This order is similar to a stop order, but it becomes a limit order instead of a market order when the price is reached or passed. Buy stop limit orders are entered above the current market; sell stops are extended below it.

Stop Limit Order
This is a type of order that combines the features of stop order with those of a limit order.

Stop Limit Order: a combination of a stop order and a limit order. The limit order becomes effective when the stock hits the stop price.

The use of stop limit orders is much more frequent for stocks that trade on an exchange than in the over-counter (OTC) market.

To convert a stop limit order or a stop order to a limit order or a market order.
Learn more about elect
» elect definition ...

Stop Limit Order-- to sell 800 YHOO at 122 stop and 121 1/2 limit: sell 800 YHOO at 121 1/2 or better (higher) price if the bid price hits 122.

Learn about using Stop Limit Orders as well to determine which is better for your situation.

It is not a stop limit order but you are welcome to try stop limit orders, if your broker accepts them. I also use limit orders on occasion. This type order is self explanatory.

Trading Order Types
Intro to Stock Trading - Stop Order and Stop Limit Orders
Stop Loss Orders - Market or Limit?
Limit Order - Learn When to Use a Limit Order in Commodity Futures Trading
Stop Limit Orders - The Good And The Bad Of Stop Limit Orders ...

Limit Order - Learn When to Use a Limit Order in Commodity Futures Trading
Futures Definition - What are Futures
Stop Limit Orders - The Good And The Bad Of Stop Limit Orders
Stop-Loss Limits - Casino Gambling
Trade Entries - Market or Limit?

This is an order that says once the stock's market price touches or goes below the stop limit order price, the stop limit order is ...
Stop Loss ...

You can select a regular market order, limit order, stop loss order, stop limit order, or a trailing stop loss order.

Limit order to buy or to sell, or a stop limit order to sell that is not to be reduced by the amount of an ordinary cash dividend on the ex-dividend date.

See also: Stop, Limit, Limit Order, Market, Order