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What is a limit order?

A limit order is an order to buy or sell at a specified price or better. A buy limit is an order to purchase the security at the limit price you specify or lower. A sell limit is an order to sell the security at the limit price you specify or higher. The limit order ensures that if the order fills, it will be at the price you specify or better. Please note that a limit order does not guarantee your execution as there can be orders ahead of your order and there may not be enough shares available to fill at that price.

Jason Toledo

Jason brings more than 15 years of experience in online trading. Prior to starting ToledoTrade in 2019, Jason held senior and executive level positions at Scottrade, OptionsHouse and Zacks Trade. Jason is passionate about educating self-directed traders and is a leader and expert in the online trading industry.