====== 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. 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**. Stops are useful as **loss limits**, allowing you to automatically close out a position if the market moves against you. ===== Submitting a Stop Market Order ===== * **Set a volume greater than zero** by tapping the volume box to bring up the number picker. * **Set the Stop Market order toggle**: * Tap the order toolbar. * Then tap on the **S**. * The **S** will change from black to orange, indicating the next order submitted will be a stop market order. {{: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 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 in the **MYO** column, then drag and drop to revise the order.