Stop Order is an order that placed either to buy above the market or sell below the market at certain price.A stop loss order can be used to limit risk, by automatically closing a position once it reaches a certain level of loss.There are a variety of types of stop loss orders, including a basic stop loss, a trailing stop loss, and a guaranteed stop.A stop entry order is used to take advantage of market movements by opening a long position when the market price rises to a certain level.
