How to Place a Stop Order , Buy Stop Order, and Stop Limit Order (WT Sim)

Please view the video below for an example on how to place a stop order, and the proper time to use a stop order. 


STOP ORDERS DO NOT TRIGGER PREMARKET AND ONLY TRIGGER 930AM EST TO 4PM EST




STOP ORDERSStop orders are available as an order type selectable from the Price Type field.

  • S-STP (Server-side Stop) also works for stop limit orders if you select a certain price. See video for more detail.

  • T-STP (Trailing Stop) - Learn more about trailing stops in this article here.

 

When selecting a stop order, the Price field becomes your stop price.

  • S-STP (Server-side Stop Market) orders are available only for execution destinations that support market orders.
    • Only DAY stop orders are supported (9:30 AM – 4:00 PM ET).
    • Price election will be checked between 9:30 AM and 4:00 PM ET only.
    • Price is not going to be elected if the market is crossed.
    • Only NBBO (National Best Bid and Offer) prices will be used to determine the current market.
    • All Server-side Stop orders will be canceled automatically if the market quotes are lost or if a system malfunction is detected.
  • Stop Limit Orders- When the stop is triggered a limit order is released instead of a market order-


REMINDER: STOP ORDERS DO NOT TRIGGER PREMARKET AND ONLY TRIGGER 930AM EST TO 4PM EST




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