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Date/Time: Sat, 23 Nov 2024 05:48:14 +0000



Post From: Stop loss(market) order getting converted into a Stop limit order!

[2024-09-11 22:11:15]
User98657 - Posts: 327
Not exactly. The stop is sitting at the exchange, but it is waiting to be triggered. Once triggered it is entered as a "limit" order (in the case we're discussing).

In these instances, the market is moving so fast that time between getting triggered and set as a limit, yes, the market has moved through that price and the now "limit" order is being rejected because it is above/below market price.