stop limit order

Definition of "stop limit order"
  1. An order that activates when a stipulated price is met, but will only go through at that price or a more beneficial one
How to use "stop limit order" in a sentence
  1. The trader set a stop limit order to mitigate potential losses.
  2. To secure a desired profit, she used a stop limit order.
  3. Utilizing a stop limit order can help protect investments against market volatility.

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