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

A Stop-Limit order is an order that goes live at your predetermined stop price and will be filled at your predetermined limit price or better. A stop-limit order does not guarantee execution if the market price does not reach the stop price during a specific time period.

Assume the current market price of a stock is RM10:

BUY: If you submit a buy stop-limit order with the stop price at RM11 and limit price at RM12, and later the market price rises to RM11, the buy limit order will be triggered. As long as the order can be filled under RM12, which is the limit price, the trade will be filled.

SELL: If you submit a sell stop-limit order with the stop price at RM9 and limit price at RM8, and later the market price drops to RM9, the sell limit order will be triggered. As long as the order can be filled above RM8, which is the limit price, the trade will be filled.

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.