The panel where you can place orders is by default on the outer left of your dashboard. Select Stop to continue.
Fill out all required fields.
- Price: the price at which you want the order to be executed. The purpose of a stop order is to "stop" your loss from getting too much, so placing a stop order means setting a price worse than market ask or market bid. Based on the screenshot, if you want to buy, price has to be higher than 0.00008, and if you want to sell, price has to be lower than 0.00004.
- Quantity: how much you want to buy or sell.
Now let's sell 1 XRP at 0.00003 BTC.
Check if everything is correct, then click Submit Order. Click Dismiss if you want to edit anything.
System confirms that your order has been submitted. Click Dismiss to close the notification.
Market price has not hit 0.00003 BTC yet, so your balance in both BTC and XRP is still unchanged. Your stop order is also "unfilled" at 0.00%. When the order is unfilled or just partially filled, you can cancel it by clicking on the Cancel button. The partially filled portion, if any, will be kept.
Similar to the limit order, a stop order can be executed many times since one execution is not guaranteed to cover the whole order. Executions will happen as the order is matched.
Note that in all orders, slippage can happen.