Differences

This shows you the differences between two versions of the page.

--- desktop:desktop_stop_market_order [2025/07/24 12:13] – grant
+++ desktop:desktop_stop_market_order [2025/07/25 15:34] (current) – external edit 127.0.0.1
@@ Line 1: / Line 1: @@
 ====== 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.
-[[Print]]
+Note that if the market is moving rapidly, you may get filled at a worse price than the one you entered. If you want to prevent this by setting a limit price for the stop, you can do so with the **Order Ticket**.
-[[RSS]]
-Stop orders are submitted on the opposite side of the market and traditionally protect a position. 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.
+Stops are useful as **loss limits**, allowing you to automatically close out a position if the market moves against you.
-Note that if the market is moving rapidly, you may get filled at a worse price than the one you entered. If you want to prevent this by setting a limit price for the stop, then you can do so with the **Stop Limit** order type.
+===== Submitting a Stop Market Order =====
-Stops are useful as loss limits, as you can use them to close out a position automatically if the market goes against you.
+  * **Set a volume greater than zero** by tapping the volume box to bring up the number picker.
+  * **Set the Stop Market order toggle**:
-===== Enabling Chart Trading =====
-  * Make sure chart trading is enabled.
-  * Tap to bring up the menu to set a volume greater than zero.
-  * Set the **Stop Market order** toggle:
     * Tap the order toolbar.
-    * Then tap the **S** in the dropdown.
+    * Then tap on the **S**.
-    * The **S** changes from black to orange — this indicates the next order submitted will be a stop market order.
+    * The **S** will change from black to orange, indicating the next order submitted will be a stop market order.
-===== Placing Orders =====
+{{:desktop:stopmarket.png?400}}
+===== Placing Stop Orders =====
 ==== Buy Stop ====
   * Tap in the **Bid** column above the current market.
-  * Once submitted, you can long-press and hold the order, then drag and drop to revise the order.
+  * Once submitted, you can long-press and hold the order in the **MYB** column, then drag and drop to revise the order.
 ==== Sell Stop ====
   * Tap in the **Offer** column below the current market.
-  * Once submitted, you can long-press and hold the order, then drag and drop to revise the order.
+  * Once submitted, you can long-press and hold the order in the **MYO** column, then drag and drop to revise the order.
-===== Order Confirmation =====
-When submitting an order into the chart, there are different prompts you can enable.
-For this example:
-  * Go to **Tap2Trade Properties**.
-  * Set the order confirmation to **Order Ticket**.
-  * Tap in the **Sell** column.
-Below is how the order ticket looks:
-  * Set the price to **21170**.
-  * Click **Submit**.
-The order ticket is useful for accurately submitting at your desired price.
-===== Order Display =====
-After clicking submit, you'll see your order indicated with a:
-  * **Blue circle** for a buy order.
-  * **Red circle** for a sell order.
-Tap the circle to:
-  * View order details.
-  * Use the **Pull Order** button to cancel it.