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Playing & Trading Strategy

are you trying to do a stop-loss order? You can't do that. order is processed when the price is below the cur price (for buys) or above

Posted by: JDolphin on May 24, 22:24 in response to jack_hungry's post why do limit orders buy immediately? how are they...

for shorts.

If the current price is 80.00 and you put in a limit sell order for 78.00 it will process right then because the price you set is above the current price.

if you set the limit price for 82.00 then order will not be processed until the price reaches 82.

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