2007-02-06 00:40:38 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
You will only get that fill if there is enough stock at that price to fill your order. When you place a limit order, you get "in line" with everyone else who wants to sell at that price. Hopefully, there will be enough buyers on the other side to make sure you get filled. Depending on the security and the amount of volume usually associated with it also matters. If the stock typically has a large volume associated with it, you are more likely to get filled - there should plenty of stock there for everyone. The lesser the volume - typically, but not always - your odds are that you might have to wait to get a fill.
It' like going to buy a pair of shoes at the boutique - they have plenty of shoes, but only 3 pair in size 6. There are four people who want the size 6. If you happen to be number 4, you'll have to wait for the store to get more size 6 (sorry, no rainchecks). When it does, you are at the front of the line and you get the shoes.
2007-02-06 02:59:53 · answer #1 · answered by dashel_gabelli 3 · 0⤊ 0⤋
A limit order means you will receive your price or better on the order, once the price is reached. However, just hitting your price doesnt guarantee that the order will be filled. First, it must be reached on the bid side, not the ask. Also, there must be enough shares available at your price to fill your order.
2007-02-06 02:13:49 · answer #2 · answered by pepper_0713 2 · 0⤊ 0⤋
Maybe. It depends if there are any other orders ahead of yours at the limit price. They are supposed to be executed in the order in which they are received. So it is possible if there are several orders ahead of yours, which might be the case if you entered the limit order at something like $37.00 for example, a nice round popular amount, your order may not execute if the stock touches the price and the receeds.
2007-02-06 00:53:37 · answer #3 · answered by Anonymous · 0⤊ 0⤋
to attempt this, you'll quite be appearing 3 orders on your broking service: a million. "purchase" XYZ at $10. 2. supply up Loss Order promote XYZ at $9.50 3. "promote" XYZ at $11. you may tell them at the same time as to promote it on the time of purchase. it really is not a reduce order, only a undeniable solid ol' formed promote order. once you're operating with on-line application you've a difficult time doing this, i'm not particular. I usually call up and verify with authentic people. Cheers, Algae
2016-12-03 19:17:23 · answer #4 · answered by gagliano 4 · 0⤊ 0⤋