6
votes
2answers
317 views

What is the difference between a stop order and a stop limit order?

New to this trading thing. I understand that a stop order will buy a stock if it hits the given amount that I want to pay. And I think I understand that a stop limit order will buy the stock if it ...
9
votes
2answers
156 views

Does an Executed Limit Order Imply a Spot Price?

Suppose I place a limit buy order at $10.00 per share for company XYZ on the NYSE or Nasdaq, while the spot price is say $10.25. If my limit order subsequently executes (whether 5 minutes later or 5 ...
1
vote
1answer
281 views

How to decide on limits when purchasing/selling stocks?

Situation: I've just inherited X$, which I'd like to invest in my favorite stock. I got the money right now in my checking account, every day that passes without it being invested is a waste. Also, ...