What does order type mean when selling shares?
A limit order is an order to buy or sell a stock with a restriction on the maximum price to be paid or the minimum price to be received (the “limit price”). If the order is filled, it will only be at the specified limit price or better. However, there is no assurance of execution.
What are the 5 types of orders?
When placing a trade order, there are five common types of orders that can be placed with a specialist or market maker:
- Market Order. A market order is a trade order to purchase or sell a stock at the current market price.
- Limit Order.
- Stop Order.
- Stop-Limit Order.
- Trailing Stop Order.
What are order types?
The most common types of orders are market orders, limit orders, and stop-loss orders. A market order is an order to buy or sell a security immediately. This type of order guarantees that the order will be executed, but does not guarantee the execution price.
What are the different types of share orders?
Order type in share market
- Market Order. A Market Order is an order to buy or sell shares immediately, at the current market price.
- Limit Order.
- Stoploss Order (SL Order)
- After Market Order (AMO Order)
- Cover Order (CO)
- Good till cancelled (GTC) Order.
- Immediate or Cancelled Order (IOC)
- Trailing Stoploss Order.
What are stock order types?
What is regular order and SL order?
Regular orders – both market and limit orders are placed in the market book directly. A stop-loss order, on the other hand, is placed in the stop-loss book and moved to the market book when the live price hits the trigger price.
What is a limit vs stop order?
Key Takeaways. A limit order is visible to the market and instructs your broker to fill your buy or sell order at a specific price or better. A stop order isn’t visible to the market and will activate a market order when a stop price has been met.
How do you use a limit order?
Buy limit orders provide investors and traders with a means of precisely entering a position. For example, a buy limit order could be placed at $2.40 when a stock is trading at $2.45. If the price dips to $2.40, the order is automatically executed. It will not be executed until the price drops to $2.40 or below.
What is GTT order?
“Good Till Trigger Feature” or “GTT Feature” or “GTT” is a feature which allows You to set certain Trigger Conditions; such that, as and when such Trigger Conditions are met, a limit order as per the Trigger Conditions set by You would be placed on the Exchanges.
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