Stop Buy / Stop Loss

A stop order places a market order when a certain price condition is met. So it works like a limit order, in that it goes on the books, but it executes like a market order once that price is reached. You can set a stop buy or stop loss. A Stop Loss order allows you to buy or sell once the price of an asset (e.g. EOS) touches a specified price, known as the Stop Price. This allows you to limit your losses or lock in your profits on a long or short position.