7h • General discussion
📌 How Do Limit Orders Work?
❓ We have a few questions about order types, so let’s break them down for you, guys.
There are two main types of orders:
1️⃣ Market Order: executed instantly at the current price.
2️⃣ Limit Order: executed only when the price reaches your set level.
Here’s how limit orders work:
⤴️Buy Limit — set below current price. You expect the price to drop, then rise.
⤵️Sell Limit — set above the current price. You expect the price to rise, then reverse.
🔼Buy Stop — set above the current price. You expect a breakout upward.
🔽Sell Stop — set below current price. You expect a downward breakout.
👀 Use them to plan your trades, no need to stare at the screen all day.
3
1 comment
📌 How Do Limit Orders Work?
skool.com/invest-retire-community-1699
Investment & Retirement Strategies for busy full-time professionals. Long-term investing & Monthly Passive income ideas.
Leaderboard (30-day)
1
+302
2
+174
3
+151
4
+129
5
+108
Powered by