Limit, Stop-Loss, and Trailing-Stop Orders at J.P. Morgan
Although J.P. Morgan Investing is not known for high-end trading tools, it still offers a few advanced order types. These include
limit and stop-loss orders.
Trailing orders are not available. Here’s how to use the first two with a J.P. Morgan Investing account.
Stop-loss Order at J.P. Morgan
The stop-loss order is fairly easy to understand and use. The goal is to keep a loss from getting too large. It won’t work for mutual funds, but it will work for
stocks and ETFs. Once the stock’s or ETF’s price reaches a certain level, a market order is triggered, which closes the position.
Let’s say, for example, that you originally bought SPY, the S&P 500 ETF, at $390 and don’t want to lose more than $50 per share on the trade. You can place a stop-loss order with a stop price of $340. If SPY falls to that level, a market order will trigger, which will take you out of the trade and help prevent a larger loss.
Creating a stop-loss order is pretty simple on J.P. Morgan Investing’s mobile app or website. On a stock’s or ETF’s profile, tap or click on the trade button. On the trade ticket, you’ll first need to choose sell as the action. For the order type, select stop. In the next field, enter the stop price. For a long position, this number should be below the current market price of the security. J.P. Morgan defines a stop order as an order to sell or buy at the market once the price of a security falls or rises to a designated level.
Limit Order at J.P. Morgan
It’s possible to use a limit order on either the buy or sell side at J.P. Morgan Investing. This order type will execute only if the price is favorable. The favorable price is created by the limit price attached to the order.
For instance, say you want to buy 100 shares of SPY but don’t want to pay too much. You can set a limit of $380, and the trade will only execute at that price or better. You might get a fill of $379.84, $379.91, or $380, but never $380.01 or higher. The limit price attached to the order prevents that.
On the sell side, a limit order will execute only above the limit. You can set a limit price of $435 for SPY that would execute only at $435 or higher. Because J.P. Morgan Investing has a GTC (good-till-cancelled) duration option, it’s possible to submit this order and let it sit waiting for execution at a much later date.
Because
mutual funds only trade as market orders, it’s not possible to use limit orders for them.
Adding Limits to Stop-loss Orders at J.P. Morgan
Limit and stop orders can be combined at J.P. Morgan Investing. Look for “stop limit” in the order-type field. The stop price will trigger a limit order, and
both numbers need to be entered.
Updated on 4/17/2026.
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