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A LIMIT ORDER, also known as an "OR BETTER" order is a type of buy or sell order. It is a very commonly used Order Type.
A Limit Orders key feature is that you are NOT guaranteed a fill, but if filled you are guaranteed a price.
For example, you might place an order to BUY IBM at "$25 or better", (You can also say Buy IBM at $25Limit, it means the same thing). You are instructing the broker to BUY you IBM at a price of $25 or less. Note that if IBM never trades 25 your order will be canceled at the end of the day*.
On the Sell side, "Or better" is more. So for example, Sell IBM at $25LIMIT means get me $25 or more. So you will wind up with $25 or more IF you are filled, but if the opportunity does not occur in the market that day, the order will be canceled at the days end* and you will still have your IBM.
*All orders are DAY ORDERS, meaning one day, unless otherwise specified. The most common specification is the acronym GTC (Good 'til Canceled.)
What else can I help you with?
Is there a time limit to sign a real estate contract by seller?
The time limit a seller has to sign a real estate contract will be part of the contract the buyer writes with his agent. Typically a buyer will get a recommendation from his Realtor what is customary in the local market. This can vary from giving the seller just a few hours, up to several days or more.
What should small businesses do to survive competition from bigger businesses?
the small businesses do to survive from bigger businesses is to have a lot of network in the market. Bigger businesses tend to sell product which in bulk orders in comparison small business do retailing that what bigger businesses to gain income.
How do you start a construction company?
business plan orders
What is sub market?
Sub market refers to the local markets and weighted individually of the CMAs in which they are placed. This is also an alternative market and second market to shop to.
What time does wawa start selling money orders?
Wawa typically starts selling money orders at their convenience stores during regular business hours, which are generally from 8:00 AM to 10:00 PM, although specific times may vary by location. It's best to check with your local Wawa for the exact hours and availability of money orders, as they can differ by store.
What are the buying and selling options available for same-day transactions?
For same-day transactions, buying and selling options include market orders, limit orders, and stop orders. Market orders allow immediate purchase or sale at the current market price. Limit orders set a specific price at which to buy or sell. Stop orders trigger a market order once a certain price is reached.
What are the exercise options available through ETRADE?
ETRADE offers a variety of exercise options for trading stocks, including market orders, limit orders, stop orders, and more.
How many types of trade are there?
All trades are made up of separate orders, that are used together to make a complete trade. All trades consist of at least two orders (one buy and one sell order), usually with one order to enter the trade, and one or more orders to exit the trade. A single order is either a buy order or a sell order, and an order can be used either to enter a trade or to exit a trade. If a trade is entered with a buy order, then it will be exited with a sell order, and vice versa. For example, if a trader expected the market's price to go up, the simplest trade would consist of one buy order to enter the trade, and one sell order to exit the trade. Conversely, if a trader expected the market's price to go down, the simplest trade would consist of one sell order to enter the trade, and one buy order to exit the trade. If this last example seems backwards, see the shorting entry in the trading glossary for an explanation. Traders have access to many different types of orders that they can use in various combinations to make their trades. The following explanations will explain each of the order types, and how these orders are used in trading. Note that many traders do not fully understand all of these order types, and they may seem slightly abstract at first, but their use will become clearer once you start to use them in your trading. Market Orders (MKT) Market orders are orders to buy or sell a contract at the current best price, whatever that price may be. In an active market, market orders will always get filled, but not necessarily at the exact price that the trader intended. For example, a trader might place a market order when the best price is 1.2954, but other orders might get filled first, and the trader's order might get filled at 1.2956 instead. Market orders are used when you definitely want your order to be processed, and are willing to risk getting a slightly different price. Limit Orders (LMT) Limit orders are orders to buy or sell a contract at a specific or better price. Limit orders may or may not get filled depending upon how the market is moving, but if they do get filled it will always be at the chosen price, or at a better price if there is one available. For example, if a trader placed a limit order with a price of 1.2954, the order would only get filled at 1.2954 or better, if it got filled at all. Limit orders are used when you want to make sure that you get a suitable price, and are willing to risk not being filled at all. Stop Orders (STP) Stop orders are similar to market orders, in that they are orders to buy or sell a contract at the best available price, but they are only processed if the market reaches a specific price. For example, if the market price is 1.2567, a trader might place a buy stop order with a price of 1.2572. If the market then trades at 1.2572 or above, the trader's stop order will be processed as a market order, and will then get filled at the current best price. Stop orders are processed as market orders, so if the stop (or trigger) price is reached, the order will always get filled, but not necessarily at the price that the trader intended. Stop orders will trigger if the market trades at or past the stop price, so for a buy order, the stop price must be above the current price, and for a sell order, the stop price must be below the current price. Stop Limit Orders (STPLMT) Stop limit orders are a combination of stop orders and limit orders. Like stop orders, they are only processed if the market reaches a specific price, but they are then processed as limit orders, so they will only get filled at the chosen price, or a better price if there is one available. For example, if the current price is 1.2567, a trader might place a buy stop limit order with a price of 1.2572. If the market trades at 1.2572 or above, the stop limit order will be processed as a limit order. If the market continues to trade at 1.2572, the limit order will get filled at 1.2572 or at a better price if there is one available. Stop limit orders may or may not get filled depending upon whether or not the market reaches the chosen price, and then depending upon how the market moves. Stop limit orders will trigger if the market trades at or past the stop price, so for a buy order, the stop price must be above the current price, and for a sell order, the stop price must be below the current price. Market if Touched Orders (MIT) Market if touched orders are identical to stop orders, except that they are used when the market price has already traded past the stop price, and the trader only wants the order to be processed if the market price comes back to the stop price. For example, if the market price is 1.3010, and the trader places a buy market if touched order with a price of 1.3001, the order will only be processed if the market trades at or below 1.3001. If the order is processed, it will be processed as a market order, and will get filled at the current best price. Market if touched orders will trigger the opposite way than a stop order, so for a buy order, the trigger price must be below the current price, and for a sell order, the trigger price must be above the current price. Limit if Touched Orders (LIT) Limit if touched orders are identical to stop limit orders, except that they are used when the market price has already traded past the stop price, and the trader only wants the order to be processed if the market price comes back to the stop price. For example, if the market price is 1.3010, and the trader places a buy market if touched order with a price of 1.3001, the order will only be processed if the market trades at or below 1.3001. If the order is processed, it will be processed as a limit order. If the market continues to trade at 1.3001, the limit order will get filled at 1.3001 or at a better price is there is one available. Limit if touched orders will trigger the opposite way than a stop limit order, so for a buy order, the trigger price must be below the current price, and for a sell order, the trigger price must be above the current price
What is the difference between maker and taker fees in trading platforms?
Maker fees are charged to traders who provide liquidity to the market by placing limit orders that are not immediately filled, while taker fees are charged to traders who take liquidity from the market by placing market orders that are immediately filled.
What is the difference between maker fees and taker fees in the context of cryptocurrency trading?
Maker fees are charged to traders who provide liquidity to the market by placing limit orders that are not immediately filled. Taker fees are charged to traders who remove liquidity from the market by placing market orders that are immediately filled.
Can market orders be entered on after market trades?
no they can not
Can market makers see stop orders placed by traders?
Yes, market makers can see stop orders placed by traders.
Is a divorce decree permanent?
Yes, in most cases. There are certain things that may be included in the decree that have a time limit.....Restraining orders, protective orders, etc. Yes, in most cases. There are certain things that may be included in the decree that have a time limit.....Restraining orders, protective orders, etc. yes
Can market makers see stop loss orders placed by traders?
Yes, market makers can see stop loss orders placed by traders.
What is the time limit on physicians writing orders?
depends on the urgency of the situation
What is a limite price?
A limit price is a specific price set by a buyer or seller in a financial transaction, which indicates the maximum price a buyer is willing to pay or the minimum price a seller is willing to accept. In trading, limit orders are used to execute transactions only when the asset reaches the specified price, helping traders manage risk and control entry or exit points. This strategy allows for greater precision in executing trades compared to market orders, which buy or sell at the current market price.
How much money did Last Orders gross domestically?
Last Orders grossed $2,326,407 in the domestic market.
