Placing Stock & ETF Orders - Basic
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A limit order is an order to buy or sell a set number of shares at a specified price or better. A limit order guarantees price, but not an execution.
A stop-on-quote order is an order to buy or sell a security when its price surpasses a particular point, limiting your loss or locking your profit.
A stop-limit-on-quote order is a type of order that combines the features of a stop-on-quote order with those of a limit order.
A trailing stop-on-quote order is a trailing sell stop that fluctuates by a given percent or point (dollar) amount allowing for the potential to lock in more profit on the upside while still protecting yourself from the investment's downside.