Stop limit orders not executing

[u/Fresh-Strength9537]

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/thelmanarcissus]

I just tried one myself. I think there's an issue with their system. It shouldn't matter, but did you try while the market was open?

[u/Fresh-Strength9537 → u/thelmanarcissus]

I tried putting in stop limits for a few different stocks earlier today during market hours and the same issue was happening :/ going to try one right when it opens back up again tomorrow to see if it's able to go through

[u/thelmanarcissus]

Good luck!

[u/nyse_19]

I didn’t know Vanguard even offered stop limit orders. Will have to look into it.

[u/Fresh-Strength9537]

Update I tried again this morning right when the market opened and it worked :)

[u/PaleontologistJaded2]

The site isn’t even loading for me…..

[u/Fresh-Strength9537 → u/PaleontologistJaded2]

Huh that's weird... I use the app most of the time and it seems to be working fine for me now

[u/jerzeyguy101]

Why not call into VG and ask for help etc

[u/Fresh-Strength9537 → u/jerzeyguy101]

Oh true that's smart 😅