Glossary / Order types
Stop limit order
Definition
A stop that triggers a limit order rather than a market order.
Why it matters
It protects you from slippage but can leave you in a losing position if price gaps straight through the limit.
Example
A sell stop at $50.00 with a $49.80 limit will not fill below $49.80 - useful to avoid a bad print, dangerous in a fast market where you are left holding the position.
How to track it in a journal
TradeStack calculates the core performance numbers — win rate, average win and loss, profit factor, expectancy, drawdown and consistency — automatically from imported trades, so stop limit order stops being something you estimate and becomes something you read.
Related terms
Market order
An instruction to buy or sell immediately at the best available price.
Limit order
An order to trade at a specified price or better.
Stop loss
A resting order that exits a position once price reaches a set level.
Trailing stop
A stop that follows price by a fixed distance as the trade moves in your favour.
Keep reading
Trading journal guides
Expectancy, profit factor, drawdown, backtesting and the PDT rule.
Free trading calculators
Position size, risk-reward, expectancy and options profit.
Expectancy calculator
Expected profit per trade from your own numbers.
Broker CSV export guides
Step-by-step exports for Tradovate, NinjaTrader, IBKR and more.
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