2007-02-10 13:56:14 · 5 answers · asked by Anonymous in Business & Finance ➔ Investing
The real answer is, if the price is at $40, and you set your limit sell for $41, you will get your sell at $41 or higher--OR you won't get it at all if the price doesn't reach $41 or if it reaches $41 but retreats before the sell can be executed. Also, unless your order is an "all or none" order, you may only get a partial sell.
2007-02-10 17:09:23 · answer #1 · answered by LongArm 3 · 1⤊ 0⤋
There are three limit orders that you can place,limit,stop,stop limit, A sell limit may not get you the price you want! What may happen is they will blow down past your order price ( open the stock lower than your limit price, or the sell orders that are extremely against you. ) It has been along time- but you need to place a stop, or stop limit. order that will fill at the next available price. 1,000,000 in trades ( The reason I do not worry about this is I check the price-real time, then place the limit-,sell order.) CHECK This out- or you will get burned!
2007-02-10 23:05:15 · answer #2 · answered by cr-bren 2 · 0⤊ 1⤋
Reaching the limit price should trigger the sale right away. Your sell price should be close if not pennies away.
2007-02-10 22:04:38 · answer #3 · answered by Anonymous · 0⤊ 0⤋
As and when a buyer comes at your limit price, it gets executed.Otherwise, it stays in the system unexecuted.You won't get anything more than the price you set in a limit order.
2007-02-10 23:05:10 · answer #4 · answered by sudheer 2 · 0⤊ 1⤋
You get your price or it doesn't sell.
2007-02-10 22:05:09 · answer #5 · answered by charlie at the lake 6 · 0⤊ 0⤋