One can buy a limit order in much the same way you buy stocks. You can sell them as well and they can be very profitable.
It's actually "limit order." It is a direction to a stockbroker to buy or sell at a specific price, or better. If it is a buy limit order, the broker will buy for you if the stock is at the limit order price or lower, and if it is a sell limit order, the broker will sell for you if the stock is at the limit order price or higher. A buy limit order is similar to a long call, and a sell limit order is similar to a long put.
A limit order is a request to buy or sell a stock at a specific price or better, while a stop order is a request to buy or sell a stock once it reaches a certain price.
A buy limit order is an instruction to purchase a stock at a specific price or lower. This order will only be executed if the stock's price reaches the specified limit price or lower. It allows investors to control the price at which they are willing to buy a stock, helping them to potentially get a better deal.
Limit Order
A pending order is a type of order that was not yet completed or accomplished. The most common pending order types are buy limit, sell stop and buy stop.
The stop limit order combines the characteristics of a stop order and a limit order. A basic stop order will buy/sell your security at the market price once your stop has been reached or passed. A stop limit order will buy/sell the security at a specified price once the stop has been reached or passed. If you use a stop limit, and your limit is too high/low your order may not get filled which will negate the purpose of putting the stop on in the first place. I tend to stick with stop orders if I am trying to protect a loss on a security.
limit order sarah
no certain age to own and ride but there is an age limit to buy
A limit order is a type of order placed by an investor to buy or sell a stock at a specific price or better. It allows the investor to set a price at which they are willing to buy or sell a stock, and the order will only be executed if the stock reaches that price. This helps investors control the price at which they enter or exit a trade, providing more control over their investments.
A buy limit order above market price is an instruction to purchase a stock at a specific price that is higher than the current market price. This order will only be executed if the stock's price reaches the specified limit price or lower. It allows traders to set a maximum price they are willing to pay for a stock, helping them control their purchase price and potentially secure a better deal.
There's no limit, buy as many as you please.
To set up a stop limit order, you first choose a stop price at which your order will be triggered. Then, you set a limit price at which you want the order to be executed. When the stop price is reached, the order becomes a limit order and will only be executed at or better than the limit price you set.