A Stop Order (also known as a Stop Loss Order) is an instruction to buy or sell an asset once it reaches a specific price, known as the stop price. When that price is reached, the stop order turns into a market or limit order, automatically executing the trade.
A Buy Stop Order is set above the current market price.
A Sell Stop Order is set below the current market price.
In short, a Stop Order helps you automatically buy or sell when the market hits a certain price, allowing you to manage risk or enter trades more efficiently.
Combining Stop + Limit Orders
You can combine stop and limit orders to automatically place a limit order once the stop price is reached. On Coinmetro’s Margin Platform, you can also set a stop price for your positions to automatically close them at market price if the stop is triggered.
📉 When Are Stop Orders Useful?
Stop Orders are especially handy when you want to limit potential losses or secure profits. For example, if your analysis shows strong support for a coin at a certain price, you could place a sell stop order just below that level. If the price drops past the support, your order will trigger automatically — helping protect your position from further loss.
📊 How to Place a Stop Order on Coinmetro
For all information on how to place a stop order on both the Exchange and Margin platforms, please see the following Help Center article:
You can place Stop Orders on both the Exchange Platform and the Margin Platform.
FAQs
⚡ What’s the difference between Market and Limit Stop Orders?
Market Stop Order: Executes immediately at the best available price once the stop price is reached.
Limit Stop Order: Places a limit order at a specified price when the stop price is reached. It may not fill immediately if there isn’t enough liquidity.
🛑 Can I cancel a stop order?
Yes! You can cancel any active stop order before it’s triggered. Once the stop price is hit, the order will execute as a market order.
✏️ Can I edit a stop order?
Most platforms, including Coinmetro, allow you to adjust the stop price or amount before it’s triggered.
⏳ What does Immediate or Partial Fill mean?
Immediate Fill: Your order is executed right away at the available market price.
Partial Fill: Only part of your order is executed if there isn’t enough liquidity; the rest may remain open until it can be filled.
💰 What is Max Price / Min Price?
Max Price: The highest price you’re willing to pay for a buy stop order.
Min Price: The lowest price you’re willing to accept for a sell stop order.
This protects you from unexpected slippage in volatile markets.
Coinmetro’s Demo Platform is available to practice without risk. This guide is for educational purposes only and is not financial advice.