Glossary · Prop-firm trading

Stop loss

An order resting at the broker to close a position at a price where the trade is wrong.

Resting at the broker rather than watched by a program, it holds when the program's connection does not. On a paid plan every order placed through Propcockpit carries one to the broker; on Free it is recommended and may be left off. A position without one is marked Unprotected rather than guessed at.

See it at work

Related terms

Keyboard

?
Open and close this sheet.
Escape
Stand down anything that is armed - the kill switch, an open notification panel, this sheet. It never commits anything.
Tab / Shift + Tab
Move between controls. Every one of them shows a focus ring.
Arrow keys
Nudge a focused panel around the canvas. Hold Shift to move it further per press.
Enter or Space
Activate the control that is focused, and only that one. There is deliberately no key anywhere that sends an order on its own.