Order mechanics
A Stop Order Is Not a Guarantee
A stop is an instruction to exit at a level, not a promise of a price. Why fills land past the level, and what a guaranteed stop actually costs.
4 min read
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Order mechanics
What each order type actually instructs a broker to do, what it guarantees, and what it quietly does not. The part of trading cost that is entirely in the trader’s hands.
Order mechanics
Order Types: What Each Promises, What Each Costs
Market, limit and stop orders are three positions on one trade-off: certainty of execution against certainty of price. What each really guarantees.
4 min read