← Glossary · Buying and selling
Limit order
An order with a price cap: buy only at the limit or lower, sell only at the limit or higher.
With a limit order you set the most you are willing to pay (buy) or the least you want to receive (sell). If the price is currently above or below that level, the order stays open until it is filled, cancelled or expires.
You keep control over the price but risk not trading at all if the price never reaches your limit. DipCatcher's order ticket suggests the fixed entry as the limit.