A stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order. A buy stop order is entered at a stop price above the current market price.
This article will detail the process on how to set a Stop order on our trade platform.
- Here is where the trade platform is located on the different UI's.
- To get started click the Stop icon in the Order Type section:
Select at which price you wold like to Sell or Buy the asset and it will be executed once the asset reaches that price as a market order.
Stop Order type- combining a stop and a Limit Order. Executes the Limit Order (at the price specified) and puts it in the Order Book once the asset reaches the Stop price.
NOTE! Currently only Stop-Limit-Orders are available.
If you have any other questions for us, please don't hesitate to contact us.
-CoinMetro's Customer Support