SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Non-Tech : Datek Brokerage $9.95 a trade
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Ed Forrest who wrote (10541)12/5/1998 5:21:00 PM
From: Jon Tara   of 16892
 
Ed, if a stock is at 10 (bid or ask?) and you enter a limit order at 10 1/4, it is immediately elegible for execution any time that it is marketable (e.g. bid OR ask <= 10 1/4).

You aren't guaranteed an execution, of course, but there is nothing that "holds" the order until 10 1/4.

I think you are thinking of a stop limit order. A stop limit is "triggered" at a higher price, and then becomes a market order.

You'd use a stop limit order, for example, to try to catch a "break out" without babysitting the stock. You want to buy, but only if the stock goes up to a certain price first.

Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News