: You can set orders in advance and "walk away," as they execute automatically when your target price is met.
Investors typically use limit orders to manage costs, especially in volatile markets.
A is a specific instruction to a broker to buy or sell a stock at a designated price or better . Unlike a market order, which prioritizes speed and executes immediately at the next available price, a limit order prioritizes price control . How Limit Orders Work
: If the market moves away from your price, you might miss out on a profitable trade entirely.
: Limit orders are often the only order type allowed during pre-market or after-hours sessions.
