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.

Filter by
Sorted by
Tagged with
0
votes
0answers
74 views

Why don't “buy uptick” and “sell downtick” orders exist?

I am learning about tick-sensitive orders. I know that there are two kinds of tick-sensitive orders: Buy downtick order: can be filled only on a downtick or zero downtick price. Sell uptick order: ...
1
vote
2answers
117 views

Price matching with Limit Orders

I have basic question concerning the stock market. I placed a Limit-Sell Order of 500 stocks at $1.45 for Stock X while it was trading below that. Two days later I woke up to all shares being sold for ...
1
vote
2answers
99 views

Do stop orders get triggered by stock splits?

Situation 1: Suppose I have a stop-loss order in place, and the company's shares split 2 for 1. As a result of the split, the company's share price will halve. Will the stop-loss order be triggered? ...
0
votes
0answers
24 views

What kind of orders can be placed in a limit up or limit down?

Although the market is halted, can traders still enter in a market order or a limit order? Page 4 says it is a quote only state. Does this mean traders can enter in limit orders that are open and not ...
0
votes
1answer
55 views

Can a market order be matched by another market order in stock trading?

I have found similar questions in this forum but those answers didn't specifically clear the fact.
0
votes
2answers
48 views

Do Institutions (large trading firms) use market orders?

It is well known that Institutional traders (Large trading firms, market makers) most of the time use LIMIT orders or Hidden limit orders. My question is, do they ever use market orders in their ...
2
votes
2answers
92 views

Limit order not executed despite price going below my limit

Yesterday I placed a limit buy order for 3 shares of ITIC (NASDAQ) @ $122.05. About 5-10 minutes later, a trade went through - 100 shares @ $122.00, while my order was untouched. How is that possible? ...
1
vote
6answers
102 views

Schedule to sell a stock when it reaches a higher price (though not guarantee to sell it at that price)

Suppose I have a stock with price $30. I want to trigger selling it as long as it reaches $35 (even though it might be executed at say $34.7). Is there such an option in any brokerage (such an option ...
1
vote
1answer
40 views

what kind of exchange model is used in a typical large Stock Exchange?

So I have recently understood the meaning of a bid-ask spread and how market makers are involved in this process. However if I am not one of the lucky few 'members' of for instance the Amsterdam ...
2
votes
1answer
43 views

Option limit order filled at better than previous bid price

I was trying to close out of a position today (buy to close - short call option) and had a limit order active all day long at 0.20. Near the end of the day I got anxious and raised my limit price up ...
2
votes
1answer
154 views

Would a stop sell order execute if the stock suddenly dropped and recovered?

A few weeks ago I bought some Tesla shares at $908. I held them until Feb. 19 when the price went to $930, putting in a stop-limit order to sell at $915, but not below $900. Shortly after, the stock ...
-1
votes
1answer
121 views

Price/time priority VS pro-rata priority

Could someone please explain to me the example in the image below? I thought I had perfectly understood the two mechanisms, but this example makes me doubt about that :
1
vote
1answer
86 views

price time priority market and limit orders

In a price time priority matching algorithm, if we have a market buy order first in the queue, would it first try to match other market sell orders or match other limit sell orders in the orderbook?
0
votes
2answers
31 views

How to find the limit price at a strike price for a future date?

In the chart, the current price of the underlying is 135. The last price of the option is 23.58. BID is 23.00 and the ASK is 23.90. I want to wait until the price of the underlying drops to 125 and ...
1
vote
0answers
30 views

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 ...
1
vote
3answers
96 views

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 ...
2
votes
3answers
462 views

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? ...
1
vote
1answer
67 views

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 ...
2
votes
1answer
139 views

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 ...
2
votes
3answers
299 views

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 ...
3
votes
2answers
664 views

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 ...
1
vote
1answer
504 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 ...
2
votes
2answers
333 views

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 ...
-2
votes
2answers
99 views

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 ...
0
votes
2answers
77 views

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 ...
0
votes
1answer
160 views

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 ...
1
vote
1answer
80 views

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 ...
1
vote
3answers
311 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 ...
1
vote
2answers
187 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 ...
1
vote
1answer
95 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 ...
0
votes
2answers
103 views

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 ...
1
vote
1answer
440 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 ...
3
votes
1answer
107 views

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'...
1
vote
1answer
76 views

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....
0
votes
3answers
191 views

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. ...
0
votes
2answers
103 views

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 ...
4
votes
3answers
3k views

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 ...
0
votes
3answers
3k views

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 ...
-2
votes
3answers
150 views

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.
1
vote
2answers
5k views

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 ...
0
votes
1answer
110 views

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 ...
1
vote
1answer
68 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)...
0
votes
1answer
509 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 ...
7
votes
2answers
25k views

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 ...
2
votes
1answer
234 views

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 ...
4
votes
4answers
16k views

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 ...
2
votes
0answers
61 views

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,...
0
votes
1answer
211 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 ...
0
votes
2answers
2k views

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 ...
0
votes
1answer
536 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 ...