Stop limit order

A stop limit 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. After the order is triggered, no matter whether the corresponding order is filled or not, the order triggering condition will not take effect again; if necessary, please place a new order again.

● The trigger price of a sell stop limit order needs to be lower than the current market price, and the limit price needs to be lower than the trigger price.

● The trigger price of a buy stop loss limit order needs to be higher than the current market price, and the limit price needs to be higher than the trigger price.

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 limit order

If you submit a buy stop limit order with a stop loss trigger price of 15 and an order price of 16 when the market transaction price is 10, the order will be automatically submitted as a limit order when the current market price of the target reaches 15 To the market, the order may be executed at a price of 16 or better.

● Sell stop limit order

Suppose you hold a target with a cost price of 10. In order to avoid a sharp decline in the stock in the future, the user submits a sell stop limit order with a stop loss trigger price of 15 and an order price of 14 when the market price is 20. If the stock trading price drops to 15 and the limit order is automatically submitted to the market, the order may be executed at a price of 14 or better.

Trigger 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 limit order is only when the system detects that the trigger price is reached and automatically submits the limit 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.