Wednesday, November 09, 2005

Market or Limit Order?

You know about all the different kinds of orders that you can place with your broker, right? There's "Speak up, please," for example. And if a strange broker calls you up at dinnertime to urge you to buy a terrific stock that's sure to make you a lot of money (this is a "cold call"), the best order to place is, "Get lost!"

But for us investors, the kinds of orders that matter most are the ones we place when we buy or sell stocks. I've written before about a bunch of order terms, but it's worth examining the two biggies: market and limit orders.

1 Comments:

Blogger Scott said...

I've always used Limit orders, as market orders can get you in trouble if there's a delay, or a sudden price movement. It's worth the extra buck or two.

- Scott
www.stockmarketplus.com

4:10 PM EST  

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