Questions tagged [limit-order]

A limit order is an order placed with a brokerage to execute a buy or sell transaction of a set number of shares and at a specified limit price or better.

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Can you set a lower limit on a buy limit order or another order type?

For example say XYZ is trading at $5 and I want to buy once it reaches $4 but not lower than $3.50. Is their a way to set this up? I wouldn't want to set a limit order at $4 in the chance it gaps ...
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Order Book - Does the price (ask or bid) depend on the size of the order?

I still haven't quite grasped the concept of order book. In fact I still have a few questions like the one in the title. I understand that in a market, at any given time, there is a list of pending ...
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About Sell Stop loss order [closed]

I put in an entry order of 11.27$, a limit order to sell at 12.49$ and stop loss order of 10.66$ . My trade was executed and two days later, the price dropped to 3.49$ !! What happened to my stock? ...
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Which completes first, a market order or stop order?

Say the price of a stock is $3.00 a share. At 10:00am Bob places a buy stop order for $3.02. At 10:01am, Mary places a market order for the exact same number of shares. Right after Mary places her ...
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How to place Stop-Limit order below current price, and multiple Limit orders above?

I purchased 500 shares of an ETF at $64. I want to set up a stop-limit to sell all 500 shares if the price hits my stop of $63.80. But if the price goes up, I want to sell 200 shares at $64.50 and 300 ...
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Protecting onself from steep losses with a stop-limit sell order

I would like to get some feedback if there are any obvious flaws with this strategy of limiting my losses when there's a steep drop in stock price due to negative report after hours. Suppose I own ...
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How are limit orders executed at market open when the bid price is above the ask price (negative spread)?

In what order and at what price would these orders be executed? Consider the case that both the buyer and the seller submitted orders to their brokers while the market was closed. It seems logical to ...
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105 views

Is a stop-limit sell order executed purely on a first come first served basis?

The difference between a stop-limit order and a stop or limit order is explained very eloquently in this response: Selling is the same, but the directions are opposite. Suppose the stock in the ...
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How does exchange match multi-leg option orders?

Suppose I submit an order to open an iron condor or some other multi-leg stock option spread with multiple buys and sells. For example, if SPY is trading at 275, I might want to: sell a call at 290 ...
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How does cash accounting work in an exchange?

Edit: I'm trying to create an order matching engine for options trading. I'd like to ask my question by creating a situation: Amy has a short position in a single (1) call option on AAPL. Let's ...
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stop order repetitive definition inconsistencies

I'm writing in regards to my interest in trying to fully understand the STOP ORDER and being aware of this one being a fairly fundamental concept for some. (However as a beginner or not, you might ...
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Order filled above limit buy price?

I’m learning still and new to trading. Bought USO buy limit 13.22. It was filled at 13.38? Is there an additional fee added to ETFs? What am I missing? I called. They add the commission into the ...
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How to estimate the average cost-per-share of a not-very-liquid ETF purchased with a market order?

I'm a Canadian resident and a few months ago I bought a US-listed Vanguard ETF of European stocks (VGK). There was a Canadian-listed version of this ETF (VE), but I chose the US-listed one because the ...
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154 views

Stop Limit Order to Sell with Limit price higher than stop

Say ABC Inc. is trading at 10. I put in a stop limit order at 9.50 with a limit price of 10.50. This doesn't make sense does it, as no one would be buying at 10.50 when trading at 9.50? I would just ...
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Is this order type possible with IB - trailing limit if touched with opposite trail direction

Similar questions to this have been answered satisfactorily but they all involve exiting a position that is already held. I want to enter a position. Example: XYZ trading at 100. I have no position. ...
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110 views

Stop-loss Order, Market Price, and Volume

How does volume affect when a stop-loss order is triggered? Assume a stock is trading at 100$ per share. Person A places a stop-loss order at 90$ for 1000 shares. Can Person B sell a single share ...
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1answer
87 views

Trading Order Type to Immediately Buy as Much as Possible of an Asset for a Given Amount of Money

Say I'm interested in buying 300 USD worth of stock A and 700 USD worth of stock B and let's say, for the sake of argument, that it's possible to buy a fractional amount of those stocks (i.e. I could ...
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Explanation of stop loss of sell stop limit order to stop loss

Question What is the meaning of Stop Loss of the bracket in the Sell Stop Limit order on the current position? Background Having the position with the current price 59.80, thinking to place a sell ...
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1answer
230 views

What happens when the price goes lower than stop limit

Suppose Stop price is 45 and Stop Limit is 46. What happens if the price went far lower than 45 and never recovered? I suppose I would lose huge because the order would only get executed at 46 or ...
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Are bid and ask prices set by the market directly, or by the market makers?

I believe the answer is the latter, but I'm looking for more detail, hence the question. For low volume stocks and options I have bid lower than the current bid, and while usually my limit order isn'...
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Bid and ask… no limit orders [duplicate]

So I'm understanding that the bid is the price buyers are willing to pay for a stock, and ask is the price sellers are willing to sell for. But what if there are no limit orders... only market orders....
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Is market frozen when orders are executing

Looking around I haven't found an answer to this simple question. My understanding: When the bid price exceeds the ask price (can you call this negative spread?) then orders start to execute. ...
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Over 10% difference between bid price and current price for SLP to buy should I place limit order between these two prices?

If there is a current price $22.25 and the bid price is currently $19.90. That seems like a big difference. Should I be concerned if I want to buy this stock? Should I place a limit order at a price ...
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How to set a sell limit order that will actually execute?

I'm having trouble getting a good answer to this with Google. I'm also new to this. Haven't actually tried it yet. I have several hundred shares of a security that I'm hoping to sell. Let's say bids ...
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What's difference between LIMIT and STOP orders for entry?

After re-reading the descriptions same and again, I can't clearly say, what's the difference between STOP and LIMIT orders actually. example: i.e. Stock price is at 5.60, and I want to trigger ...
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Is market order a special kind of limit order?

Is market order a special kind of limit order: is a buy market order equivalent to a limit order with very high (e.g., 10x trading price) buy price.
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My stock's limit sell order should have filled at a higher price

New investor here, using the Robinhood platform. I quickly learned that placing market orders never really nets you what the app indicates; limit buys and sells fix that. Typically, I assume, limit ...
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How is the implementation of stop-limit done?

I am building a cryptocurrency exchange, and having some trouble with the implementation details for a stop-limit order. I have a few scenarios I would like clarification on, along with any useful ...
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1answer
65 views

Functional Question About Maker/Taker Markets

I have a question about the workings of a maker-market. This works for basically any product, but the example is quite nice for cryptocurrencies (due to their high volatility). Consider a (fictitious)...
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447 views

Why did my stop limit get executed?

I had a security trading at 2.10, i set a stop limit to trigger at 2.05 and sell on limit at 2.00 to incur a maximum loss of .10 per share. The security reached 2.05, I went to check my order status ...
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Why use a stop-limit order instead of a 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 ...
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How to place an order which will book profit at 400 also will book profit at 378?

I have 50 shares of rain industries i bought it at 357 now the market price is 378.45, i would like to sell it if it goes below 378 also if it reaches 400. how can i place such an order? should i use ...
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Can I place a stop loss and a limit sell at the same time?

Let's say I bought 100 shares of company XYZ at 10$ a share. I think that the market price will rise to 12$, so I would like to sell ALL MY SHARES at 12$ (that's the limit sell order). On the other ...
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Best price or exact match, How market order would be matched when all are limit orders? [duplicate]

Suppose, there is a Limit sell order with Limit Price : 21, Qty : 21000 then another new Limit sell order placed as below Limit Price : 20, Qty : 200 Now if a new limit buy order placed as below,...
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152 views

What happens when there are no Limit Orders?

If we assume a situation where all the Limit Orders for a stock have been executed. The Market Price is say $100 for the stock. No further Limit Orders come in, either for Buy or Sell. However, the ...
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Help Understanding Market/Limit Orders and Bid/Ask Price

Kid gloves... this might be a stupid question, but I haven't found a real clear answer to this. So I understand that market orders are orders to execute at current market prices and that the price ...
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366 views

Limit and Stop Market Buy Order , which will get activated first?

If we have a One cancels Other (OCO) order strategy , this is a strategy placing order, where you can place 2 orders, and when one of them gets filled, then the other will get canceled, and vice ...
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294 views

trailing stop loss in slow price decline

If I set the trailing stop loss as 5% based on Last. Is the stop price updated every time Last is published? e.g. If the current Last is $100, then current stop price is $95; when the next Last comes, ...
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181 views

Can a limit order be fullfilled with a better price than offered? [duplicate]

When a limit order is fulfilled, is it always at the specified price? In other words, is it possible that a buy (sell) order will be completed with a lower (higher) price?
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Changing the price in a limit order

I have a question about a limit order, or any non-market order for that matter, like a GTC limit order. My question is that, if I change the price, or quantity, of a limit order, will the system ...
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How does a limit order work for a credit spread?

In the stock market, a limit order goes in the order book saying Someone is willing to buy 5 shares of this stock at $5. I understand the same would be true for an options order at a particular ...
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Placing limit order and stop loss on same stock at same time

Can I place an order so that my account will buy 100 shares of stock xyz if it opens below my limit order but also place a stop loss on the same order so that I can contain my losses if the stock ...
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Would it be considered appropriate to use a market order for my very first stock trade?

I am a newbie investor and have a read a few books on long term stock trading and I'm ready to execute my first trade. I've been researching when to use limit orders vs when to use market orders and ...
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Limit order precedence when there are two sellers [duplicate]

I am trying to understand the precencehow limit orders are fulfilled. Example: Let's say on a given day only Alice and Bob send a sell order for Apple stocks. Alice, sell APPL at least: 450 Bob, ...
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Supply & Demand - How Price Changes, Buy Orders vs Sell Orders [duplicate]

I'm just a little confused with regards to price change. So for every buyer there must be a seller. How does price actually change? I hear it's because there are more buy orders than sell orders or ...
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What is the farthest someone would likely be stopped out from their stop loss without setting a stop limit?

Basically just trying to get an idea for how safe/dangerous that would be
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How will a limit order be executed when the stock market opens if there is a large change from the price of the day before?

Maybe a dumb question, but I'm just learning. So news and after/pre market trading all help to determine what the price will be for a stock when it opens, but does this affect all orders the same? ...
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2k views

Large BUY LIMIT orders' effect on a stock's price

Let's say a Nasdaq stock is trading at $50... Can a very large (outstanding) BUY LIMIT order at $2.00 pull the stock price down? Is this a legal/common practice? (I've noticed this being done when ...
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1answer
2k views

Set different trigger and sell price for Trailing Stop Limit

I'm wondering if it's possible to set a Trailing trigger price that is different from the sell limit order price. Say I have a stock worth $100. I want to sell the stock at around -10% trailing ($...
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How are unmarketable market orders (other side of the order book is empty) matched with incoming orders? [duplicate]

Note: This question is erroneously marked as a duplicate. It concerns a very specific situation with unfulfillable market orders in very illiquid markets, one that no other discussion here has covered....