What is Stop Order (Stop-Loss Order)? | SIE, SERIES7, SERIES65, SERIES66 Exam Prep

A stop order is an order to buy or sell a security once it reaches a specified price (the stop price), at which point it becomes a market order and executes at the next available price. 📚 Learn more about Stop Order (Stop-Loss Order) and other key terms for your SIE, SERIES7, SERIES65, SERIES66 exam at Open Exam Prep. 🎯 This term appears on: SIE, SERIES7, SERIES65, SERIES66 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 Stop Order (Stop-Loss Order) definition: https://www.open-exam-prep.com/glossary/stop-order 💡 Exam Tip: Sell stop = below current price, protects long. Buy stop = above current price, protects short. Stop-limit risks no execution! --- #securities #examprep #financeexam #sie #series7 #series65 #series66