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What does "Stop orders are triggered by a transaction or print in the security" mean?
My online broker explains stop orders like this:
Stop orders are generally used to protect a profit or to prevent further loss if the price of a security moves against you. Stop orders are triggered by a transaction or print in the security. A stop loss order will become a market order when a transaction or print occurs at the stop price you've selected. A stop limit order will become a limit order when a transaction or print occurs at the stop price you've selected.
I understand that the stop loss order becomes a market order when transactions hit that price, but what is a "print"?
2 Answers
- don_sv_azLv 71 year agoFavorite Answer
All types of trade confirmations, tickets and settlement documents are generated when a transaction occurs. Any type of confirmation provided from a trading transaction may be considered print.
Print confirmations will typically provide all of the details pertaining to a particular trade with pertinent information including the transaction price, number of shares and time of execution. The confirmation documents will typically be formatted for physical printing but may be stored digitally for record keeping purposes.
- Anonymous1 year ago
A print is a trade at a certain price.
