Send regular market order instead if price is higher than stop loss trigger
J
JoshC
Broker might keep canceling a resting stop-loss order if the stop-loss trigger is below the current price/quote.
This is not uncommon when the option price spikes before a resting stop-loss order is established, or when the exchange/market maker cancels the resting stop-loss order due to DTP (drill-through protection).
j
john g
There shouldn't be an if here. If the resting stop is triggered and then canceled, a market order should be sent immediately.