An on-stop order is a valuable tool in the world of trading that allows investors to strategically plan their trades. This type of order is placed with the purpose of executing a trade at a later date, once the stock reaches a specific stop price. It then becomes a limit order, which means that once the stock hits the trigger price, the trade will be executed at the best available price. This is a smart way to manage risk and maximize profits in the ever-changing market.
