This is your "ceiling." Once the trigger is hit, your order becomes a limit order . It says, "Buy this asset, but do not pay more than this specific price". Stop-Limit Order: What It Is and Why Investors Use It
A buy stop-limit order is a two-step instruction you give to your broker: stop limit order buy example
This is your "trigger." It tells the broker, "If the market price hits this level, wake up and place my order". This is your "ceiling
This is your "ceiling." Once the trigger is hit, your order becomes a limit order . It says, "Buy this asset, but do not pay more than this specific price". Stop-Limit Order: What It Is and Why Investors Use It
A buy stop-limit order is a two-step instruction you give to your broker:
This is your "trigger." It tells the broker, "If the market price hits this level, wake up and place my order".