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Stop/ limit orders to open


Guest William

Question

Guest William

If I set a price to trade , and the market gap up or down passing my price, do I still get my price or not trade or get the gaped price? like  I set price to sell Australia 200 index at 6000, but market open low at 5800

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9 minutes ago, Guest William said:

If I set a price to trade , and the market gap up or down passing my price, do I still get my price or not trade or get the gaped price? like  I set price to sell Australia 200 index at 6000, but market open low at 5800

Thanks for your post. 

This order type is a limit order. This means the price you have chosen is better than the current market price. I the market gaps and reaches 6100 that is where we would open you. 

Meaning you will have a sell order to open at a better price than you set. 

If you'd set the market order to open at a price of 5600, then the market gapped down to 5400 that is where your sell order would open (at a worse price). 

I hope this clears things up.  

 

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