Support Board
Date/Time: Tue, 26 Nov 2024 20:17:30 +0000
Post From: Marketable Limit Order
| [2023-10-29 12:58:57] |
| stephane1 - Posts: 111 |
|
Hi, I explain Marketable limit order ....... Marketable limit orders, once sent, will immediately give you as many shares as possible within the price range you have set. In marketable limit orders, you ask your broker to buy or sell stock for you immediately, but you specify the highest price you are willing to pay. You can ask your broker to buy 100 shares at “ask price + 5 cents”. Your broker will go to the ask and try to fill your order. Therefore, you should get filled immediately (like a market order). But, if the ask price moves up quickly before you get filled, you have already authorized your broker to buy for you at a higher price as well, up to $34.82 (ask of $34.77 + 5 cents). Therefore, your broker will try to buy 100 shares of TEVA for you at a cost of no more than $34.82. A similar example is also true for either selling or short selling on the bid. In selling on the bid, you specify the range you are willing to sell at. For example, if you ask your broker to sell at “the bid – 5 cents”, it means that you are not willing to sell at a price lower than the bid minus 5 cents. Is it possible to realize that with kind of Sierra chart orders tku SR |