This is actually smart. But could go either way. It helps stop the big guys from manipulating the price down. If the stock is at let’s say 300$ and you place a “market” order They will buy it at whatever price they can get so they could start filling market orders lower and lower and push the price down. If you put a “limit” order To sell that same stock at $301 they’ll sell it and anything higher than that. The stop limit can be bad and manipulated the same way as the market order.
You can trade GameStop with a DEGIRO account with Limit and Stop Limit order types. Due to the extreme volatility, placing a Market order might result in executions at unintended prices. This is why Market orders for these products have temporarily been disabled.> *
This is actually smart. But could go either way. It helps stop the big guys from manipulating the price down. If the stock is at let’s say 300$ and you place a “market” order They will buy it at whatever price they can get so they could start filling market orders lower and lower and push the price down. If you put a “limit” order To sell that same stock at $301 they’ll sell it and anything higher than that. The stop limit can be bad and manipulated the same way as the market order.
Ha, at first I just stopped at "executions" and went "Ireland's nice."