Trigger price
Also called: stop price
The price at which a waiting stop-loss order is activated and sent into the market as a live order.
The trigger is compared with the last traded price. For a sell stop-loss, the order activates when the last traded price reaches or falls below the trigger; for a buy stop-loss, when it reaches or rises above it.
The trigger is not the price you will get. After activation, the order fills at whatever price its limit and the market allow.
Example
A trigger of ₹460 on a sell stop-loss means nothing happens while the share trades above ₹460.
Learn more in these lessons
- Stop-loss and stop-limit ordersHow does a stop-loss order work?
Related terms
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