Are there any risks associated with placing a market if touched order?
The Market if touched (MIT) orders are executed as market orders and hence get executed at the market price at that point. Hence the price at which the orderis executed may be higher or lower than the expected or specified price.
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What is Market if Touched order?
A market if touched (MIT) order is an instruction to buy or sell a stock when a specified price, the order was placed at, is touched, even if it does so very briefly. When the price hits the level specified in the market if touched order, it turns ...
How is a market if touched order useful to me?
A market if touched(MIT) order is typically used to buy when the price of a stock is falling or to sell when a stock is rising. This order can be considered an alternative to limit orders when fractional orders are desired.However, since the MIT ...
What are the risks associated with extended hours trading?
After-hours trading comes with several risks that are typically not associated with trading on an exchange during regular trading sessions.These include: 1. Limited liquidity Extended hours have less trading volume than regular hours, which could ...
How is a market if touched order different from a Limit order?
A limit order guarantees that an order is filled at a specified price level. However, there is no guarantee that it would get executed. Additionally, a limit order only allows for the whole quantity of shares to be bought or sold.A Market if Touched ...
What are the risks involved?
OTC securities tend to be associated with additional risks. Read more about them here.