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SL-M (STOP LOSS MARKET)

When triggered, the market order is banned.

Published by The Retail Trader · JUL 31, 2026 · Order Flow

SL-M (Stop Loss Market) — Market order is banned when triggered. In fast market it is difficult to execute, par price can be bad.

WHERE THIS FITS IN

This term comes under Order Flow, in the "TYPE OF ORDER" section. Every order type has a trade-off: either you get control of the price, or a guarantee of execution — not both:

RELATED TERMS TO READ

Other terms in this group — understanding them together is more useful:
• Market Order
• Limit Order
• Stop Loss (SL) Order
• Trigger Price
• Bracket Order
• Cover Order
• GTT (Good Till Triggered)
• AMO (After Market Order)
• IOC (Immediate or Cancel)
• Day Order
• Disclosed Quantity / Iceberg

To read the entire group and all its examples in one place, see the journal "ORDER FLOW: FROM ORDER TO EXECUTION" - this term is taken from there.

This entry is for educational purposes only and is not a recommendation to buy or sell. Exchanges change charges, margins, lot sizes and expiry rules from time to time, so verify any figures with your broker or exchange.

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