Does the stop price affect the fill price?

E

elitetradesman

Suppose I have a long position in a stock currently trading at $9.05 with a protective stop at $9.00.

One way to liquidate the position immediately is to raise the stop price to the last price.

If I raised the stop price very high such as $50 to trigger the stop order, instead of $9.05, will that affect the fill price in any way?

Thanks.
 
My understanding is that a stop order becomes a market order as soon as it's triggered, so the only thing that should affect the fill price is the liquidity available to fill your market order and where you are in line when it's triggered.
 
Quote from Bob111:

:confused: :confused: :confused:

you will be buying at ASK(which might not be same as LAST)
More...

He's long, so a stop level of 50 would instantly trigger a market sell order. So would a stop level set at current price.

Either way, you're triggering a sell order at market and the fill depends on liquidity at the bid. So I would say no to the original question. Won't effect the fill price.

So if you want out badly, just sell at market rather than dealing with stop orders.
 
--So if you want out badly, just sell at market rather than dealing with stop orders.---

that exactly why i post this-
:confused:
just cancel stop and do whatever. market,limit

as for stops-there is a plenty of options(and OP have to provide more details,if he is looking for detailed answer). there is a trigger price(could be last,could be 2 last trades,could be ask) and then there is order price for stop itself(could be market,could be limit).
 
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