Table of Contents
Stop orders are a part of the Egypt Express Bundle, and they allow you to place a market order that is triggered if the price falls below a trigger price that you set.
How does it work?
When you place a stop order, you choose a ‘stop price’ and if your investment drops to that price, a market sell order will automatically be triggered.
What investments can I create stop orders for?
Stop orders apply to stocks and rights.
The process of setting a Stop Order is the same for both.
How can I place a stop order?
- On the Thndr app home page, select one of your investments
- On the share’s landing page, press ‘sell’
- Press ‘Stop Order’
- Select the settlement of your investment
- Determine the quantity you are creating the stop order for
- Set the ‘stop price’
- Select your expiry type
- Review order
- Submit order
Do Stop Orders guarantee the price that is set?
Stop Orders guarantee that a market order will be made at the ‘stop price’ however, they don’t guarantee that it will be executed at that price.
This means that your stop order may be executed at a price lower than your trigger price, due to market fluctuations.
What are the minimum and maximum values I can set my stop order to?
Your stop order price must be below the current market price, and must not be lower than the lower limit of the day.
| Settlement Type | |||
| T0 | T1 | T2 | |
| Placing orders | During Market Hours | During Market Hours | During or After Market Hours |
| Expiry type | Good till day | Good till day | Good till day Good till date Good till cancel |
| Editing orders | Price only During Market Hours | Price only During Market Hours | Price and Quantity During Market Hours |
| Canceling orders | During or After Market Hours | During or After Market Hours | During or After Market Hours |
