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  3. To avoid buying or selling a stock at a price higher or lower thanwhat you want

To avoid buying or selling a stock at a price higher or lower thanwhat you want

游客2025-05-31  19
问题 To avoid buying or selling a stock at a price higher or lower than
what you wanted, you need to place a limit order rather than a                    【S1】______
market order. A limit order is an order if to buy or sell a security at           【S2】______
a specific price. A buy limit order can only be executed at the limit
price or lower, and a sell limit order that can only be executed at               【S3】______
the limit price or higher. When you place a market order, you can’t
control the price at which your order will be filled with.                        【S4】______
For example, if you want to buy the stock of a "hot" IPO that was
initially offered at $ 9, but don’t want to end up paying more than               【S5】______
$ 20 for the stock, you can place a limit order to buy the stock at
any price up to $ 20. By entering with a limit order rather than a                【S6】______
market order, you will not be caught in buying the stock at $ 90                  【S7】______
and then for suffering immediate losses as the stock drops later in               【S8】______
the day or the weeks ahead.
Remember so that your limit order may never be executed because                   【S9】______
that the market price may quickly surpass your limit before your                  【S10】______
order which can be filled. But by using a limit order you also protect            【S11】______
yourself from buying the stock at too high a price.                               【S12】______ [br] 【S4】______
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