Stop-Loss Orders in Questrade
1. Regular Stop (Stop-Loss) Order
This type of order triggers a market order to sell (or buy in a short position) once the security hits your specified stop price.
It’s designed to help protect against large losses by automatically exiting the position when the price moves past your stop level.
2. Stop-Limit Order
Similar to a stop-loss order, but after your stop price triggers, it places a limit order with a price you set.
This gives more control over execution price, but carries the risk of not filling if the market moves too fast.
3. Trailing Stop (Trailing Stop-Loss)
A more dynamic stop-loss: it trails the price by a fixed dollar amount or percentage.
As the stock rises, the stop level moves up with it; if the price reverses by your specified amount, it triggers a sell.
How to Place Them
These orders are available through Questrade Edge Web, Edge Desktop, and Edge Mobile platforms — not the basic trading interface.
When placing an order, choose the appropriate Order Type (e.g., “Stop”, “Stop-Limit”, “Trl Stp”) and enter your:
Stop price (and limit price if applicable)
Quantity
Duration (e.g., Day or GTC)
Standard Order Durations
Day – The order is valid only until the market closes that trading day (usually 4:00 pm Eastern Time). If it doesn’t execute by then, it’s cancelled.
GTC (Good ‘Til Cancelled) – The order remains active until it executes or you cancel it (max ~90 days, after which it auto-expires).
GTD (Good ‘Til Date) – Like GTC but you choose a specific expiration date up to 90 days out.
🔹 Extended/Session-Specific Durations
These are especially useful if you want your order to participate outside regular hours:
GTEM (Good ‘Til Extended Market) – The order stays active through pre-market + regular + post-marketsessions (roughly 4 am–8 pm ET for U.S. stocks). If it’s not filled by the end of extended hours, it cancels.
Overnight – The order is active only overnight (about 8 pm–2 am ET).
🔹 Advanced/Fast-Execution Durations (Edge platforms only)
IOC (Immediate or Cancel) – Fills immediately if possible; any unfilled portion is cancelled.
FOK (Fill or Kill) – The order must fill entirely immediately, or it’s completely cancelled.
Example
Selling with Trailing Stop
Selling with Trailing Stop with Limit
