: You set a Stop Price above the current market price.
A order is used to buy an asset once its price rises to a specific "stop price". Traders typically use this to catch an upward breakout or to cover a short position before losses grow. How a Stop Buy Works gdax stop buy
: Once the market hits that price, your order is automatically "triggered". Market vs. Limit : : You set a Stop Price above the current market price
: Once triggered, it becomes a standard market order and fills immediately at the best available price. it becomes a limit order
: Once triggered, it becomes a limit order, meaning it will only fill at your specified price or better. Key Steps to Place the Order