When can you use a limit order?
The best way to use the limit order facility is when you've decided that you will buy a stock only if it's price touches or goes below the price you want. Conversely, it might be a good idea to use limit order while selling a stock if you expect a certain minimum price for the same
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What is a limit order?
A limit order is an order to buy or sell a stock at a specific price or better. Therefore, 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 limit price or higher. While limit ...
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 ...
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 ...
How can I place an extended hours order on the platform?
To place an extended hours trade, you would need to log in to your account and follow the below steps: Step 1: Select the stock you want to buy. Step 2:Enable the Extended Hours Trading toggle on the top right-hand corner of the Stock Page and enter ...
What is a stop order?
A stop order, also referred to as a stop-loss order, is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the stop price. When the stop price is reached, a stop order becomes a market order.A buy stop ...