Trigger price and limit price are two important concepts in trading. Heres what they mean:

Trigger Price

• The trigger price is the price at which a buy or sell order becomes active for execution on the exchange servers.
• In the context of a stop-loss order, the trigger price is the price at which the order is activated and sent to the exchange servers.
• A stop-loss order is a passive order, and the trigger price acts as a price threshold. Only after crossing this price does the stop-loss order change from a passive order to an active order.

Limit Price

• The limit price is the price at which your shares will be sold or bought after the stop-loss order has been triggered.
• In the context of a limit order, the limit price is the maximum price that youre willing to pay or the minimum price that youre willing to accept on a sale.
• A limit order sets a maximum price that youre willing to pay or a minimum price that youre willing to accept on a sale, and if the order is filled, it will only be at the specified limit price or better.
• A stop-limit order triggers a limit order once the stock trades at or through your specified price (stop price). Your stop price triggers the order; the limit price sets your sales floor or purchase ceiling.

In summary, the trigger price is the price at which an order becomes active, while the limit price is the price at which the order is executed.