I'm trying to decide whether to use a buy stop or a buy limit order for my next stock purchase. I'm not sure which one is more advantageous in terms of price execution and risk management. Can someone explain the differences and help me choose the best option?
7 answers
DongdaemunTrendsetter
Sat Dec 07 2024
A limit order is a crucial aspect of trading.
RubyGlider
Sat Dec 07 2024
In contrast, a stop order operates differently.
GyeongjuGloryDaysFestival
Sat Dec 07 2024
Stop orders have their advantages.
Dreamchaser
Sat Dec 07 2024
However, stop orders also have their drawbacks.
AmyDavis
Fri Dec 06 2024
Similarly, if the
market rises sharply, you may get a higher price than anticipated.