Qwoter Investment Advice
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Limit Order

An order to buy a stock at or below a specified price or to sell a stock at or above a specified price.

Normally written as Good Till Canceled to allow the order to gain seniority over other orders at the same price. Does NOT have to be triggered to be filled.

Additional Comments:

For instance, you could tell a broker, "Buy me 100 shares of XYZ Corporation at $8 or less" or "Sell 100 shares of XYZ at $10 or better."

Related Terms:

Good Till Cancelled
(GTC) - A GTC order authorizes the broker to buy or sell a position at a ...

Sell Stop-Limit
This is a version of the Sell Stop. This order says, “Don’t sell the shares unless ...

Market Order
An order to buy or sell securities at the price given at the time the order ...

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