What is a stop order on Stake AUS?
A stop order is designed to help you limit losses or lock in gains by triggering a trade when a stock reaches a certain price.
A buy stop order is placed above the current price
A sell stop order (also called a stop loss) is placed below the current price
When your stop price (or trigger price) is reached, Stake automatically places a limit order with a price slightly above or below your stop price (depending on whether you're buying or selling).
Will my stop order always execute?
Not necessarily. Here’s what to keep in mind:
Your stop price might never be reached
Even if it is, your limit order may not fill if there isn’t enough volume or the market moves past your limit price
Price-time priority applies once your stop order becomes a limit order. If you make any amendments (like changing the quantity or price), your order will lose its place in the queue. It will be treated as a new order, ranked based on the time of the change
The limit order remains in the market until it’s filled, cancelled or expires at the end of the trading day
Orders can also be cancelled by Stake, FinClear or the exchange due to things like corporate actions, market conditions, or your order price being too far from the market.
How is the limit price for a stop order calculated?
When your stop price is triggered, the limit order is placed with a small % buffer to improve the chances of execution.
Share price |
Limit buffer from stop price |
|---|---|
$0.000 – $0.005 |
12.50% |
$0.005 – $0.02 |
7.50% |
$0.02 – $0.05 |
6.25% |
$0.05 – $0.20 |
4.00% |
$0.20 – $0.50 |
3.00% |
$0.50 – $2.00 |
1.25% |
$2.00 – $5.00 |
1.00% |
$5.00 – $15.00 |
0.75% |
$15.00 – $30.00 |
0.50% |
$30.00+ |
0.25% |
This limit price caps how far the order can move past your stop. It will still execute at the best available price, up to that limit.
Things to consider
Execution isn’t guaranteed
Stop orders aim to fill close to your trigger price, but during high volatility or low liquidity, they may execute at a different price—or not at all.
Short-term market moves can trigger your order
Temporary price dips or spikes can trigger a stop order too early. If the market quickly recovers, your trade may be completed before the price reverses in your favour.
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