📘 Trading Words Explained #11

🛑 Stop Limit Order

🔍 What is a Stop Limit Order?

It’s a two-part order:

1️⃣ A stop price triggers the order

2️⃣ A limit price sets the maximum/minimum price you’re willing to buy/sell at

⚠️ Unlike a stop market order, this won’t execute unless the limit price is met — so it gives you control but no guarantee of execution.

💡 Perfect for avoiding slippage but risky in fast markets!

Example:

Set stop at $100, limit at $98 to sell $SOL.

If $SOL drops to $100, it triggers an order to sell, but only if it can sell at $98 or higher.

$SOL $BTC $ETH

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