Usinga limit order allows an investor to buy at a specified price. Say you want to buy 100 shares of Apple at 400 a share, but it's trading at 420. You can enter a limit order to buy at 400. 6002525.0. A market order executes a buy or sell of a security at the next available price. Market orders guarantees an execution, but does not guarantee a price of a security. A limit order allows you to set a specific price to execute an order on a security and guarantees that price. Youplace a sell limit order at $27 and a sell stop loss order at $24. XYZ trades at $27, so your sell limit order executes and your sell stop loss order is canceled. On Fidelity's platform you would enter an OCO order by first selecting Conditional for trade type. - AStop on Quote Order enables an investor to execute a trade at a specified price, or better after the quoted stock price reaches the desired stop price. It is used by investors who want to limit their downside to ensure that a stock is sold before the price falls too far. Stop on quote orders can be used to limit losses or buy stocks only Abuy limit order is used when an investor wants to open a long position in a stock at a certain price, while a stop order is used by an investor who wants to lock in profits or limit OneCancels-the-Other Order - OCO: A one-cancels-the-other order (OCO) is a pair of orders stipulating that if one order is executed, then the other order is automatically canceled. A one-cancels .

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