Stop limit

What it does: when price reaches the trigger level, submits a limit order at your specified limit price instead of a market order.

Typical use: controlled exits or entries where you want a price guardrail during volatile moves.

Key parameters: trigger price, limit price, and quantity (plus time-in-force if available).

Tradeoff: better price control than market execution, but it can miss fills during sharp moves.

Example: long btc-usdc at 60,000; set trigger at 59,500 and limit at 59,450; when triggered, a limit sell at 59,450 is placed and may not fill if price gaps through.

Tradeoff
Price control, but may not fill during fast market moves.

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