What is Limit Order
A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.
This is an order to buy a security at no more than a specific price, or to sell a security at no less than a specific price. This gives the trader control over the price at which the trade is executed; however, the order may never be executed "filled".
Limit orders are used when the trader wishes to control price rather than certainty of execution.
This is an order to buy a security at no more than a specific price, or to sell a security at no less than a specific price. This gives the trader control over the price at which the trade is executed; however, the order may never be executed "filled".
Limit orders are used when the trader wishes to control price rather than certainty of execution.
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