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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.
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
Enabling your Order Type
- 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 the order toolbar and then tap on the S, and then the S changes from black to orange. This means the next order submitted will be a stop market order.
- 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.