Stock Markets Exposed
stock - how quick does a stop limit trigger, and actually take effect.?
i am fiddling with some stock games, virtual stock trading programs to practice. and ill do a stop order like 1% below and the stop never even goes into effect at all period. and does each trading company have stops that take effect quicker than others like scotttrade vs e-trade. on stop order trades.
Public Comments
- stock limits are triggered as soon as the the stop price is hit, Now when you ask when is it triggered that depends on how the order was routed. If you broker has the order on their own platform, or on another broker's platform, then as the price drops to your limit the order is triggered, in most firms it takes about 1-5 seconds to be triggered,. If the order was placed out with the market then when the stop price was hit, it takes about 2 seconds for your limit order to effect, this does not mean executed, it means changed to the new order (or triggered). To takes the same amount of time to "trigger" a stop order and a stop limit order. As you know the "trigger" will make a the price limit your stated limit on the stop limit order and will make the price (qualifyer) "MARKET" on you plan stop order.
