Differences

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

--- ios:ios_stop_market_order [2021/05/17 12:51] – created rob
+++ ios:ios_stop_market_order [2024/03/06 13:22] (current) – [Enabling your Order Type] serhii
@@ 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.
+Stops are useful as loss limits as you can use them to close out a position automatically if the market goes against you.
+====== Setting a Quantity ======
+{{:ios:trading-stop-market-1-ios.png?1000|}}
+====== Enabling your Order Type ======
+{{:ios:trading-stop-market-2-ios.png?400|}}
+====== Submitting a Buy Stop ======
+ 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.