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A Stop order becomes a market order to buy or sell securities or commodities once the specified stop price is attained or penetrated. A Stop order is not guaranteed a specific execution price.
To create a Stop order
- Click the Ask price to create a BUY order, or the Bid price to create a SELL order.
- In the Type field select STP as the order type.
- Enter the Stop Election price in the Aux. Price field.
- To transmit the order, click the "T" in the Status field.
For a more detailed description, visit the Order Types information page.