Seedha jawab
Stop Market trigger ke baad execution priority deta hai; Stop Limit price control deta hai magar unfilled reh sakta hai.
Kaise kaam karta hai
- Stop Price trigger hai.
- Stop Limit mein separate Limit Price hoti hai.
- Trigger source Mark ya Last ho sakta hai.
Pakistan / PKR example
PKR 100,000 exposure par planned 2% loss fill quality ki wajah se PKR 2,000 se mukhtalif ho sakta hai.
Kab fail ho sakta hai
- Fast move limit ko cross karke order chhor sakta hai.
- Market order thin depth mein adverse fills leta hai.
Aam ghaltiyan
- Stop Price ko fill price samajhna.
- Reduce-only aur side flags ignore karna.
Check list
- Trigger type verify karein.
- Stop aur limit order sequence dekhein.
- Order status aur remaining position check karein.
Execution certainty aur price control
Stop-market trigger hone ke baad market order bhejta hai, is liye fast move mein fill expected price se door ho sakta hai. Stop-limit trigger ke baad limit order bhejta hai, jo price boundary deta hai magar market gap kar jaye to unfilled reh sakta hai. Dono mein se koi perfect protection nahin. Instrument liquidity, position size aur exit ki urgency ke mutabiq trade-off samjhein. Exchange par stop price, limit price aur trigger source ke exact rules official documentation se verify karein.
Trigger source aur gap scenario
Kuch derivatives products mark price, last price ya index price mein se selected source par stop trigger karte hain. Galat assumption se chart level touch nazar aaye magar order activate na ho, ya us ke baraks. Plan mein overnight ya announcement gap ka scenario likhein: stop-market ka worst plausible slippage aur stop-limit ka no-fill risk. PKR loss estimate dono cases mein alag dikhayein. Backtest jo candle ke stop price par perfect fill maanta hai live execution risk ko underestimate karta hai.
Order verification routine
Order place karne ke baad status, remaining quantity, trigger price, limit price, reduce-only flag aur linked position check karein. Partial fill ko complete exit na samjhein. Cancel ya reject notification ke liye alert useful hai, magar connection failure ka backup plan bhi ho. Small non-critical environment mein platform behavior samajhna documentation ko practical context deta hai, lekin unnecessary live risk na lein. Journal mein intended aur actual exit compare karke dekhein ke chosen order type aapki market aur size ke liye kaise perform hua. Backtest mein jis candle ne stop aur target dono touch kiye hon us ka order OHLC se maloom nahin hota. Conservative assumption ya finer data use karein aur ambiguous sample ko alag flag karein.
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