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 ESTSTOP ORDERS – Stop 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-
- For stop limit orders, use the same function as a a regular S-STP market order except add in your limit price into the box on the right side as shown here:
- The same can be done for hotkeys; however this is normally not as useful, as each stock might have a slightly different price you want to fill at. You can learn more about setting up stop hotkeys in this guide here: https://support.warriortrading.com/en/support/solutions/articles/19000095885-how-to-build-and-use-stop-loss-and-trailing-stop-hotkeys
- See image for the boxes to consider for using a stop limit order hotkey:
- See image for the boxes to consider for using a stop limit order hotkey:
- For stop limit orders, use the same function as a a regular S-STP market order except add in your limit price into the box on the right side as shown here:
REMINDER: STOP ORDERS DO NOT TRIGGER PREMARKET AND ONLY TRIGGER 930AM EST TO 4PM ESTStill have questions? Please reach out to our Support Team, and we'd be happy to help.