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Today's Quote
There seems to be some perverse human characteristic that likes to make easy things difficult
~Warren Buffett
Basics about Orders - Table of Contents
Types of Orders: Market Order
Types of Orders: Limit Order
Types of Orders: Stop Order
Orders Validity: GTC Orders (Good Til Cancelled)
Orders Validity: GTF Orders (Good Til Friday)
Orders Validity: Day Orders
Orders Validity: Limit Order
An order placed with a brokerage to buy or sell a set number of shares at a specified price or better.
For example,
if the bid/ask price for share ABC is $2.50/$2.60 and you placed a limit order to sell 1000 shares at $2.70,
You will be selling your shares when the bid price raise to $2.70, that is to say you only sell your shares at $2.70. Below that,
they will not be sold.