Stop Limit Orders A stop limit order is an order to buy or sell a stock once the price of the stock reaches a specified price, known as the Trigger Price (Stop Price). Example: If an investor wants to purchase shares of SGX stock for no more than $6.810 the investor could place a limit order for this amount that will only execute if the price of SGX stock is $6.810 or lower. While Limit Order has an advantage that you can be sure the order will be executed (filled) at the limit price or better, the disadvantage of this order is that there is no guarantee that the order will be executed (filled).
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While limit orders do not guarantee execution, they help ensure that an investor does not pay more than a pre-determined price for a stock. A limit order can only be filled if the stock s market price reaches the limit price. A limit order is not guaranteed to execute. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Description of Orders Limit Orders A limit order is an order to buy or sell a stock at a specific price or better. POEMS ProTrader Platform Features Trading 8 Market Information 9 Account Management 11 Report 12 Setting 12 Price List Panel 12 Order Status Panel 13 IntraDay Profit/Loss 15 DowJones News and Research 19 Price List Settings 20 of 23ģ 1. Description of Orders Limit Orders 3 Stop Limit Orders 3 Iceberg 4 Contingent Orders 5 Validity of Orders 6 2. 1 POEMS ProTrader Trading System of 23Ģ Content.