™A triggered sell stop with a $46 limit will not execute below the limit under its conditions, but may remain unfilled if prices gap beneath it.
Orders & Market Structure
Stop-limit order
An order that becomes a limit order after the stop price is reached and therefore may not execute.
Plain-English context
Put the definition to work.
Price protection can leave the order unfilled after a gap; it is not guaranteed downside insurance.
Further reading and verification. Examples are hypothetical, not current quotes or recommendations. Product terms, tax treatment and market rules can change. FINRA — order types and execution