An order to buy or sell at a specified price or better. Buy limits are placed below current price, sell limits above. Limit orders guarantee price but not execution — the market may never reach your l
An order to buy or sell at a specified price or better. Buy limits are placed below current price, sell limits above. Limit orders guarantee price but not execution — the market may never reach your level. Many successful prop traders use limit orders for entries, which also helps avoid slippage.