Does Coinbase Pro have trailing stop loss

• Overview
• Introduction to Orders and Execution
  • Overview
  • Execution
  • Understanding Order Execution
  • Open Order
• Market, Stop, and Limit Orders
  • Overview
  • Market Order vs. Limit Order
  • Limit Order vs. Stop Order
  • Buy Limit Order
  • Buy Stop Order
  • Stop-Loss Order
  • Determining Where to Set Your Stop-Loss
  • Stop-Limit Order
  • Stop-Loss vs. Stop-Limit Order
  • Buy Limit vs. Sell Stop Order
  • Take-Profit Order
• Order Duration
  • Overview
  • Time In Force
  • Day Order Definition
  • Good 'Til Canceled [GTC]
  • Immediate Or Cancel Order [IOC]
  • Fill Or Kill [FOK]
  • Market-On-Open Order [MOO]
  • Market-On-Close Order [MOC]
• Advanced Order Types
  • Overview
  • Trailing Stop
  • Conditional Order
  • Contingent Order
  • One-Cancels-the-Other Order [OCO]
  • Iceberg Order

What Is a Stop-Limit Order?

A stop-limit order is a conditional trade over a set time frame that combines the features of stop with those of a limit order and is used to mitigate risk. It is related to other order types, including limit orders [an order to either buy or sell a specified number of shares at a given price or better] and stop-on-quote orders [an order to either buy or sell a security after its price has surpassed a specified point].

How Stop-Limit Orders Work

A stop-limit order requires the setting of two price points:

1. Stop: The start of the specified target price for the trade.
2. Limit: The outside of the price target for the trade.

A time frame must also be set, during which the stop-limit order is considered executable.

The primary benefit of a stop-limit order is that the trader has precise control over when the order should be filled.

The downside, as with all limit orders, is that the trade is not guaranteed to be executed if the stock/commodity does not reach the stop price during the specified time period.

The stop-limit order will be executed at a specified price, or better, after a given stop price has been reached. Once the stop price is reached, the stop-limit order becomes a limit order to buy or sell at the limit price or better. This type of order is an available option with nearly every online broker.

Features of Stop and Limit Orders

A stop order is an order that becomes executable once a set price has been reached and is then filled at the current market price. A traditional stop order will be filled in its entirety, regardless of any changes in the current market price as the trades are completed.

A limit order is one that is set at a certain price. It is only executable at times when the trade can be performed at the limit price or at a price that is considered more favorable than the limit price. If trading activity causes the price to become unfavorable regarding the limit price, then the activity related to the order will be ceased.

By combining the two orders, the investor has much greater precision in executing the trade.

A stop order is filled at the market price after the stop price has been hit, regardless of whether the price changes to an unfavorable position. This can lead to trades being completed at less than desirable prices should the market adjust quickly. Combining the stop order with the features of a limit order ensures that the order will not get filled once the pricing becomes unfavorable, based on the investors limit. Thus, in a stop-limit order, after the stop price is triggered, the limit order takes effect to ensure that the order is not completed unless the price is at or better than the limit price that the investor has specified.

Real-World Example of a Stop-Limit Order

For example, assume that Apple Inc. [AAPL] is trading at $155 and that an investor wants to buy the stock once it begins to show some serious upward momentum. The investor has put in a stop-limit order to buy with the stop price at $160 and the limit price at $165. If the price of AAPL moves above the $160 stop price, then the order is activated and turns into a limit order. As long as the order can be filled under $165, which is the limit price, the trade will be filled. If the stock gaps above $165, then the order will not be filled.

Buy stop-limit orders are placed above the market price at the time of the order, while sell stop-limit orders are placed below the market price.

• Order Definition
  1 of 26
• Execution Definition
  2 of 26
• Understanding Order Execution
  3 of 26
• Open Order Definition
  4 of 26
• Market Order vs. Limit Order: What's the Difference?
  5 of 26
• Limit Order vs. Stop Order: What's the Difference?
  6 of 26
• Buy Limit Order: Definition, Example, Pros and Cons
  7 of 26
• Buy Stop Order Definition
  8 of 26
• Stop-Loss Order Definition
  9 of 26
• Determining Where to Set Your Stop-Loss
  10 of 26
• Stop-Limit Order Definition
  11 of 26
• Stop-Loss vs. Stop-Limit Order: Which Order to Use?
  12 of 26
• Buy Limit vs. Sell Stop Order: Whats the Difference?
  13 of 26
• Take-Profit Order - T/P
  14 of 26
• Time In Force Definition
  15 of 26
• Day Order
  16 of 26
• Good 'Til Canceled [GTC] Definition
  17 of 26
• Immediate Or Cancel Order [IOC]
  18 of 26
• Fill Or Kill [FOK] Definition
  19 of 26
• Market-On-Open Order [MOO] Definition
  20 of 26
• Market-On-Close [MOC] Order Definition
  21 of 26
• Trailing Stop Definition and Uses
  22 of 26
• Conditional Order Definition
  23 of 26
• Contingent Order Definition
  24 of 26
• One-Cancels-the-Other [OCO] Order Definition
  25 of 26
• Iceberg Order Definition
  26 of 26