A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order is not guaranteed to execute.
With Stake, you can place a limit order at any time for buy or sell.
To place a limit order on web, choose "Advanced Orders" and on the app, select Limit Buy (or Limit Sell) from the drop-down.
You can then enter the amount of shares to trade and the limit price you want to transact for. Your order will remain queued until the earlier of:
- the time it becomes an executable order
- you delete it; or
- the end of the trading day (when all pending limit orders are cancelled).