An order that becomes a market order once a specified price is reached. Understanding exactly how this order type behaves is essential before placing live trades, since it determines precisely when and at what price a position enters or exits the market.
An order that becomes a market order once a specified price is reached. Understanding exactly how this order type behaves is essential before placing live trades, since it determines precisely when and at what price a position enters or exits the market.
It's commonly used to enter breakouts or to limit losses. For beginner traders in particular, grasping this concept early helps avoid common, sometimes costly misunderstandings further down the road.
Triggers automatically when price crosses the set level. It shows up in day-to-day trading through price charts, broker platform data, or news commentary, and recognizing it quickly can meaningfully shape decision-making in the moment.
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