Stop order: Meaning in Gold Trading
A pending order that becomes a market order when price reaches a level: buy stop above, sell stop below.
I wrote this guide based on how I actually trade gold. No theory — just what works after 10 years.
Key takeaways
- Breakout · Stop-loss
Stop order: A pending order that becomes a market order when price reaches a level: buy stop above, sell stop below.
Stops are used to enter breakouts and to exit losing trades (a stop-loss is a stop order). Because they turn into market orders, they can fill with slippage in fast moves.
Example: buy stop at 4,121 above a range top of 4,120; if price jumps through, you might fill at 4,122.
Related
Breakout · Stop-loss
I don't predict. I prepare. Every trade I share here is placed with real money, in real time. No indicators, no noise — just price action and experience.
— Happy trading, Lin
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