
Stop Order is actually quite similar to Market-If-Touched (MIT) order.The difference between Stop Order and MIT order is basically on the placement of predetermined price that triggers its execution (i.e. �Stop Price� for Stop Order and �Trigger Price� for MIT Order) relative to the current market price of the security.* For Sell order, the Stop Price for a Sell Stop Order is placed below the current market price of the security, whereas the Trigger Price for a Sell MIT Order is placed above the current market price of the security.Note:Sell Stop Order is a normally used for "Sell To Close� order, which is a order to sell to close the long position...