Consequence: In a Stop Loss Market Order you cannot specify the best price at which you want your order to be filled. Example: Assume you are long shares of Reliance Equity, and you wish to exit the position if the market trades Rs. Please click here if you are not redirected within a few seconds. Exact matches only. Search in title. Search in content. Search in excerpt. The trader sets a price , and if that price is hit, the MIT order will become a market order. As with a standard market order, there is a risk of slippage with MIT orders.

MIT orders only give traders the ability to control the price at which a market order is triggered. A market order is used to enter or exit a position quickly.

School of Stocks - Order Types

This is the quickest way to fill an order, but it gives you the least control over the price. A limit order, on the other hand, ensures minimum selling prices and maximum buying prices, but they won't execute as quickly. Stop orders are used to limit your losses with a market order when a trade turns against you. Stop-limit orders employ the same tactics, but they use limit orders instead of market orders. Trailing stop orders and trailing stop-limit orders use the same strategy to protect profits.

Market-if-touched orders trigger a market order if a certain price is touched.

A limit-if-touched order sends out a limit order if a specific trigger price is reached. Interactive Brokers. Actively scan device characteristics for identification. Use precise geolocation data. Select personalised content. Create a personalised content profile. Measure ad performance. Select basic ads.

Share vs. Option

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Classic TWS Example

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Stop Loss Limit Order and Stop Loss Market Order

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