Publisher disclosure: This guide is published by blockfunded, the provider of the simulated trading app described below. It explains order controls and does not promise execution or trading results.
“Stop” can describe two very different decisions: when to enter a position and when to leave one. Mixing them up can change the trade you intended to submit. The blockfunded ticket offers Market, Limit and Stop as order types; stop loss and trailing stop are separate optional exit controls when enabled.
The account uses virtual funds and simulated orders. The examples below explain the controls, not how a live exchange will execute or which order is best for a trade.
Market: submit against the current simulated market
A Market order asks to act against the current simulated market price. It starts from the bid and ask shown in the trading workspace, but the price you saw while preparing the ticket is not a promise of the final simulated execution price. Quotes can change, and the platform's quote can differ from an external exchange because of spread, latency, interruptions or calculation methods.
Choose this type only after checking that the market connection is live, the selected account and side are correct, and the amount of available trading power makes sense. The point of a Market order is an immediate submission attempt, not a guarantee of a chosen price.
Limit: name a price condition for entry
A Limit order requires a positive limit price. In general order terminology, a buy limit sets the highest acceptable entry price and a sell limit sets the lowest. The trade may remain unfilled if the price condition is never met. This makes Limit useful for expressing a price condition, but it does not guarantee that a position will open.
Illustration: if a market is shown at $100 and a trader submits a buy limit at $98, the intended entry condition is at or better than $98. That is a simplified teaching example, not a quote, platform promise or recommendation. Always inspect the actual ticket and the resulting order status.
Stop entry: wait for a trigger before entering
The Stop order type in the blockfunded ticket requires a positive stop-entry price. This is an entry instruction: the trader is asking the system to consider opening a position after a specified trigger. A buy stop entry might be placed above the current market to express a breakout condition; a sell stop entry might be placed below it. Whether and how a trigger is processed depends on the platform's implementation and current market state.
Do not confuse a stop-entry price with an exit plan. A pending stop entry can become relevant after the market moves; it does not itself define how much an opened position may lose. Recheck the order list after submission and after a trigger rather than assuming the planned state occurred.
Stop loss: an exit control for an opened position
A stop loss is a protective exit level attached to a position when that control is enabled. The trading ticket may also offer a take profit or a trailing stop; a trailing stop needs a valid positive distance. These are not alternative names for the Stop entry order type.
A stop loss identifies the price at which a trader intends to leave if the idea fails. It does not guarantee that the simulated exit will occur at exactly that price in every market condition. A fast move, changing spread or modeled execution effect can increase the realised difference. Read more in Fees, Slippage and Open Positions: The Risk Beyond Your Stop.
Read the ticket as two questions
First ask, “What condition opens this position?” Market, Limit and Stop entry answer that. Then ask, “If it opens, what could close it?” Stop loss, take profit, trailing stop, manual close and mandatory account rules belong to that second question. The two questions should be answered together with the intended side, volume, leverage and account risk room.
For example, a trader can set a stop-entry trigger and still need a separate protective stop-loss plan. Conversely, a Market entry can carry a stop loss without ever having been a Stop entry. Similar words in a ticket do not make the instructions interchangeable.
Submit once and verify what happened
The blockfunded app locks the ticket while a submission is pending to prevent duplicate Buy or Sell requests. After a response, inspect the order list for the selected account. Confirm whether the order is pending, opened, rejected or otherwise changed, along with its price, commission and exit controls. If the app reports an error, check the connection, live prices and inputs before retrying.
The blockfunded trading guide is the source for the current interface. The general distinction between market, limit and stop orders is also described by FINRA; that source describes securities-market conventions, so the blockfunded account display and Terms remain controlling for this simulated product.
All blockfunded evaluation balances, orders, profits and losses are simulated. This article is educational product information, not a recommendation to enter a market or a guarantee of execution or performance.