Question: A stop - loss order ( or a sell stop order ) : is a sell order placed at the ongoing current ask price is

A stop-loss order (or a sell stop order):
is a sell order placed at the ongoing current ask price
is a sell order placed at a price lower than the current bid price
None of these answers are correct.
becomes a market order as soon as a trade takes place at this price, which is higher than the current market price
is a limit sell order above the current market price
A stop - loss order ( or a sell stop order ) : is

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