What Is Trigger Price on Pluang US Stocks?
The trigger price — also shown as the mark price in the Pluang app — is the price level that sets an order off automatically. It is not the price you trade at; it is the condition that has to be met before the order is sent to the exchange for execution at all. Until the market reaches that level the order sits dormant and nothing happens. Once the asset's price touches it, the order is released and executes according to its own type: a Stop Order becomes a Market Order, while a Stop-Limit, Take Profit, or Stop Loss order executes as a limit order within its defined range. The same idea applies whether the order buys or sells. Because the trigger price only starts the process, the price you ultimately get can differ from it, especially when the market is moving quickly or trading is thin at that moment.
- What it is: the price level that automatically sets an order off, also shown as the mark price in the app
- Not the fill price: it is the condition that releases the order, not the price at which the trade completes
- Before it is reached: the order stays dormant and no execution is attempted
- After it is reached: the order is sent to the exchange and executes according to its own order type
- Applies to: Stop Orders, Stop-Limit Orders, and both halves of an Exit Strategy — Stop Loss and Take Profit
- Buy or sell: the mechanic is identical in both directions
Related questions:
Q: Is the trigger price the same as the stop price?
In practice yes — Pluang uses the two terms interchangeably in the app to describe the same level. When you configure a Stop Order, a Stop-Limit Order, or an Exit Strategy, the figure you enter as the stop price is the figure that acts as the trigger. You may also see the same level labelled as the mark price on some screens inside the app.
Q: Will my order fill at the trigger price?
Not necessarily, and often not exactly. The trigger price only releases the order, and what happens next depends on the order type. A Stop Order converts to a Market Order and takes whatever price is available, which can sit above or below your level. A Stop-Limit, Take Profit, or Stop Loss order then has to find a fill within its own limit range.
Q: Can the trigger price be reached without my order executing?
Yes, and it is a common source of confusion. The level can be touched, releasing the order, and then the market can reverse before a fill is found, leaving the order cancelled or expired while your shares are still sitting in your portfolio. It happens most often around fast reversals or in thinly traded moments of the session, and it is the usual explanation when an Exit Strategy order is cancelled while the shares remain untouched.
Q: Do I set the trigger price myself?
Yes. It is a level you choose when you place the order, based on where you want the action to start rather than where the market currently sits. For a Stop Loss you set it below your purchase price to cap a loss, for a Take Profit you set it above to capture a gain, and for a Stop or Stop-Limit buy you set it where you want the entry to begin.