With a stop-limit sell, your order must hit the stop price you set in order to turn into a limit sell order. Understanding stop-limit sellsĪ stop-limit sell allows you to choose a stop price and a limit price.
**US stop-limit orders can be submitted with a different stop and limit price. As her limit price is $100, her buy order will fill as soon as possible, as long as the price of stock XYZ does not rise above $100 before the order is able to fill.This means that at 3:00 pm, Morgan’s order has hit the stop price, and turns into a limit order. At 3:00 pm, the price of stock XYZ rises to $100.This means that if the price of stock XYZ rises above or reaches the $100 stop price, her order will automatically convert into a limit order with a $100 limit price.Morgan sets up a stop-limit buy order on stock XYZ with a stop price of $100 and a limit price of $100**.Specifically, Morgan wants to buy stock XYZ if it hits $100, as she believes this will be the start of its upwards momentum.She would like to buy some stock when it starts showing some upwards momentum. Stop-limit orders are not available for purchasing cryptocurrencies.Ĭompany XYZ (trading as XYZ) is about to release its quarterly earnings report and Morgan believes that the stock is going to go up.If we can only fill part of your order, we'll try to do it. Stop-limit orders are 'any-part orders' once triggered.By default, stop-limit orders expire at market close if they cannot fill within the day.There are certain restrictions to placing stop-limit buys with Wealthsimple.To place a stop-limit order when buying a security, you will need to change your order type to a stop-limit order.Stop-limit orders will not be executed unless markets are open.Once a security reaches your stop price, the order is automatically converted into a limit order (either a buy or sell). Stop-limit orders allow you to set a stop price and a limit price for a given security. Stop-limit orders are one of four different order types available using Wealthsimple's self-directed stock trading accounts.
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