Stop Market

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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.

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.

Stops are useful as loss limits, as you can use them to close out a position automatically if the market goes against you.

• 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.
  • The S changes from black to orange — this indicates the next order submitted will be a stop market order.

• 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.

• 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.

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.

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.