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android:android_stop_market_order [2021/07/19 15:45] – rob | android:android_stop_market_order [2024/05/14 21:35] (current) – serhii | ||
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- | ====== Stop Market ====== | ||
- | Stop orders are submitted on the opposite side of the market than normal Limit orders. A buy stop order is submitted at a price higher than the current best bid but does not fill until that price trades. A sell stop order is submitted at a price lower than the current best offer price. | ||
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- | Stops are useful as loss limits as you can use them to close out a position automatically if the market goes against you. | ||
====== Stop Market ====== | ====== Stop Market ====== | ||
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====== Setting a Quantity ====== | ====== Setting a Quantity ====== | ||
- | {{:android:android_picker.png|}} | + | {{:android:trading-stop-market-2-android.png?700|}} |
====== Enabling your Order Type ====== | ====== Enabling your Order Type ====== | ||
- | {{:ios:android_enable_stop_market.jpg|}} | + | |
+ | {{:android:trading-stop-market-1-android.png?700|}} | ||
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====== Submitting a Buy Stop ====== | ====== Submitting a Buy Stop ====== | ||
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- | Buy Stop Tap in the Bid column above the current market. Once submitted you can long-press hold the order in the MYB column, drag and drop to revise the order. | ||
- | Sell Stop Tap in the Offer column below the current market. Once submitted you can long-press hold the order in the MYO column, drag and drop to revise the order. | + | ====== Submitting a Sell Stop ====== |
- | * Set a volume greater than zero. You can do this by taping the volume box to bring up the number picker. | + | |
- | * Set the Stop Market order toggle. By tapping | + | ====== Confirming Orders ====== |
- | * Buy Stop Tap in the Bid column above the current market. Once submitted you can long-press hold the order in the MYB column, drag and drop to revise the order. | + | |
- | * Sell Stop Tap in the Offer column below the current market. Once submitted you can long-press hold the order in the MYO column, drag and drop to revise the order. | + | You can check working orders, fills, and positions |