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Order Types
| Question | Answer |
|---|---|
| Buy Limit Order | - Placed BELOW cmv - For investors buying dip - Executes at limit order or lower |
| Sell Limit Order | - Placed ABOVE cmv - For investors looking for profit - Executed at or ABOVE execution price |
| Buy Stop Order | - Placed ABOVE cmv - protects short stop position from price increase - Triggers at or above execution --> market buy order |
| Sell Stop Order | - Placed BELOW cmv - Protects long position from price decrease - triggers at or below execution price --> market sell order |
| SLOBS | ABOVE Sell Limit or Buy Stop |
| BLiSS | BELOW Buy Limit or Sell Stop |