Basics
What is Limit Order?
Buy or sell only at a specific price or better
Full Explanation
A limit order lets you set the exact price you're willing to buy or sell at. You might not get filled immediately (or at all), but you won't get a worse price than you set.
Real-World Example
Stock is at $102. Set a limit buy at $100 — only buys if price drops to $100 or below.
Pro Tip
Use limit orders when the price matters. Use market orders when speed matters.
Related Basics Terms
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