Stop limit orders not executing
Hi! I'm a little confused about whether I'm setting up my stop limit (buy) orders correctly because Vanguard keeps giving me an error message. For instance, I went to a stock whose current market price is $39.81 and set a stop limit order with a stop at $41 and a limit at $43. When I tried to review/place my order, I received the following error message popup: "Trade cannot be completed. Your order cannot be accepted because the stop price is invalid. Buy stop orders must be entered at a price that is above the current market price for the security." Isn't my stop price in this scenario higher than the market price? Am I misinterpreting what a stop is in this context? Thanks in advance for the help :)
u/Fresh-Strength9537 — 20 hours ago