Stop order

A stop order is an instruction to submit a buy or sell market order if and when the client-specified stop price is hit. A stop order is not guaranteed a specific execution price and may execute significantly away from its stop price.

● A sell stop order must be entered below the current market price to stop the loss on a long position or protect its profit.

● A buy stop order must be entered above the current market price to stop the loss on a short position or protect its profit.

Order time

Regular time only:

Daylight saving time Beijing time: 9:30 pm to 4:00 am

Standard time Beijing time: 10:30 pm to 5:00 am

Examples

● Buy stop order

Assuming stock XYZ has a current price of 10, you submit a buy stop order with a stop price of 15. If XYZ's market price rises to 15, a market order will be submitted automatically to the clearing broker and filled at the market price.

● Sell stop order

Assuming you hold stock XYZ with a cost price of 10. To prevent the stock from falling sharply in the future, you submit a sell stop order with a stop price of 15 when the market price is 20. If XYZ's market price falls to 15, a market order will be submitted automatically to the clearing broker and filled at the market price.

Triggering conditions:

If the order meets the trigger condition during the allowed trading period set when the user places the order, the order will be triggered and the system will automatically submit the preset order to the market.

Instructions and precautions:

1. After the order reaches the trigger price, there is no guarantee that the order will be successfully placed.

2. The stop-loss order is just that the system detects that the trigger price is reached and automatically submits the market order for investors. The processing logic of the order submitted after the trigger is the same as that of a normal order. If there is no match, the order will be automatically cancelled. If necessary, please place the order again.

3. When placing an order, it will be judged according to the maximum purchasing power of the account whether the order can be submitted to the market. After the order is triggered, it may purchase more than the cash assets held at the time.