Support Board
Date/Time: Tue, 26 Nov 2024 18:40:24 +0000
Post From: Marketable limit order
| [2023-11-04 19:43:18] |
| stephane1 - Posts: 111 |
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Hi there, What kind of order sierra chart permit that use Marketable limit order ?. I explain. ...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. For example, the Level 2 for equities, 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 equity for you at a higher price as well. Therefore, your broker will try to buy 100 shares of equity for you at a cost of no more.... tku |