A guaranteed stop is an order that ensures a trader’s position is closed at a specific price level, regardless of market volatility or gapping. A guaranteed stop can protect traders from unexpected losses, as it guarantees the execution of a stop-loss order at the specified price. However, the guaranteed stop order comes with an additional cost, which is usually a slightly wider spread or a fixed fee. This cost may be worth it for traders who want to ensure that their trades are executed as planned, regardless of market conditions.