Stop Loss (S/L)
Definition of Stop Loss (S/L)
A market order which automatically closes the position of an unprofitable security or financial instrument when it reaches a specified price, for the purpose of limiting loss and preventing slippage. A S/L can be used in both long (buy) and short (sell) positions. Also known as a “stop order” or “stop-market order”.
Be aware: A GCMAsia S/L is not guaranteed and in very volatile conditions may not work, this may lead to further losses.
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