Time-based stops: do you exit after X hours regardless?
A trade that hasn't worked after a set time is probably not the trade you planned — the setup has expired even if the stop hasn't hit. Time stops cut the slow drift and free the margin for real setups.
Do you use them?
- the time limit and how you chose it
- how time exits compare with price exits in your journal
- the setups where time stops fit best
The order types guide covers the mechanics of scheduled exits.
Background: Market, limit and stop orders: which order type to use
The order types on a trading platform decide when and at what price you enter or exit. What each one does, and the mistakes that cost traders money.
What is the difference between a buy limit and a buy stop?
A buy limit is placed below the current price to buy on a dip. A buy stop is placed above the current price to buy if the price breaks higher.
Does a stop-loss guarantee the exit price?
No. A standard stop-loss becomes a market order when triggered and can fill beyond its level in a gap or fast market. Guaranteed stops, where offered, cost extra.
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