What is Sell on stop Hard stop?

A "Sell on Stop" order is a type of trading order that triggers a market sell order once the asset's price reaches a specified lower stop price. This strategy is often used to limit losses or protect profits in a declining market. A "Hard Stop" typically refers to a strict stop order without any flexibility, meaning it executes immediately at the market price once the stop price is hit, ensuring that the trade is executed without delay.