Chapter 04 · Section 4.1

Limit Orders 1

1. 1Limit Orders 2→
2. 2Limit Orders 3→
3. 3Limit Orders- Timing→
4. 4Limit Orders - price fluctuations→
5. 5Limit Orders- Execution 1→
6. 6Limit Orders- Execution 2→
7. 7Limit Orders- Execution 3→

A limit order specifies the price at which the order may be executed. The order may only be executed at the price specified or at a better price.

Unless otherwise specified, a limit order is valid only on the day it was given. If it cannot be executed by the end of the trading day, it expires.