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Today's Quote
Stop trying to predict the direction of the stock market, the economy, interest rates, or elections.
~Warren Buffett
Basics about Orders - Table of Contents
Types of Orders: Market Order
Types of Orders: Limit Order
Types of Orders: Stop Order
Orders Validity: GTC Orders (Good Til Cancelled)
Orders Validity: GTF Orders (Good Til Friday)
Orders Validity: Day Orders
Orders Validity: Stop Order
An order to buy or sell a security when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit. Once the price surpasses the predefined entry/exit point, the stop order becomes a market order.
It is also referred to as a "stop" and/or "stop-loss order".