Similarly to a stop-limit order, a stop-market order uses a stop price as a trigger. However, when the stop price is reached, it triggers a market order instead.
Attention: Due to extreme market movements, the executed price of market order may be lower/higher than the last traded price that user may have seen, user needs to pay attention to the market depth and price fluctuations.
How to place a Stop-Market order on Coins Pro?
1. Before placing a stop-market order, you need to choose the stop price that triggers the market order. The stop price that triggers the market order is the “Last Price” on the market.
2. Enter “Trigger Price” and “Total”, then click BUY to place your stop-market buy order; enter “Trigger Price” and “Amount”, and click SELL to place your stop-market sell order