Types of Orders
- Limit order - instructs your broker to buy or sell only the stock is at the price you have named, or better.
- Stop-loss orders are similar to limit orders in that the trade is not to be executed unless the stock hits a price limit. In this case, however, the stock is to be sold if its price falls below a stipulated level. As the name suggest the order lets the stock be sold to stop further losses from accumulating. Symmetrically, stop-buy orders specify that the stock should not be bought when its price rises above given limit.
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