What is a Stop Order - Trading in MY (Securities)?

A Stop order is an instruction to submit a buy or sell market order if and when the client-specified stop price is reached. A stop order does not guarantee a specific execution price and may execute significantly away from its stop price.

A Sell Stop order is placed at a stop price below the current market price to limit a loss or protect a profit.

A Buy Stop order is an instruction to buy a stock once its price reaches or crosses above a specified price. It is then executed at the best available current price in the market. This type of order is often used by investors to enter the market on a breakout that they expect to increase in value.

Note: If you select 'Good Till Canceled' (GTC) or 'Good Till Date' (GTD) validity for these types of orders, should your order not be matched during the day, it will be resubmitted to the market at the opening of the next trading session.