Using a Stop Order to Enter a Trade: Buy Stop vs Sell Stop. How is a stop-loss order used to enter a new position? When would you use a stop order to enter a trade? This might be a contradiction particularly if you're a new trader. Most stop orders are used to 'stop losses'.
Trading Strategy, Buy Stop vs Sell Stop: Which Order to Use?
But how could you use a stop order to enter a trade and why would you want to do that? A buy limit order might not achieve what you want. By placing a 'buy stop' this can allow to place an order in the market without it being executed immediately. What is the difference between a stop, and a stop limit order?
