Limit order
TradingBuys or sells at a specified price or better; may not fill at all.
Example
A limit buy at 49,000 fills only if price drops to 49,000.
Common misconceptions
- That limit orders guarantee execution (they guarantee price, not fill)
Buys or sells at a specified price or better; may not fill at all.
A limit buy at 49,000 fills only if price drops to 49,000.