What is a stop order?
A stop order is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order.
How do I make a stop order?
Now that you know what a Stop Order is, here is how you can buy/sell a stock using a stop order:
Go to “Trade”
You can choose a stock from your Watchlists or by using our search tool to find the stock you're interested in
Tap on the stock you wish to buy
Select "Buy" or “Sell” according to the action you want to make
Select “Stop order” in the upper right corner
Type the amount in shares or USD you want to buy
Enter the Stop price for which you wish to buy
Click on "Review" to see the order summary
Then click on "Confirm Buy"
Your stop order is now created.
If the stock reaches the stop price, the order becomes a market order and is filled at the next available market price.
Need more help?
Contact our Streetbeat Support team using the "Talk to us" button in the app.