stop-loss order

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Noun1.stop-loss order - an order to a broker to sell (buy) when the price of a security falls (rises) to a designated level
purchase order, order - a commercial document used to request someone to supply something in return for payment and providing specifications and quantities; "IBM received an order for a hundred computers"
References in periodicals archive ?
Stoploss orders are used regularly to limit losses and let profits run.
The market had initially fallen from a high of $6730 last Monday to close that day at $6460 but then improved by about 100 per day to close on Friday at $6800 having reached a high that day of $6920 as stoploss orders were triggered during pre-market trading.
From $806, the three month price fell back through the critical $800 level and as it did so stoploss orders were hit which guaranteed further downside pressure to a low of $790 ahead of a $793 kerb close for a $22 loss over the week.