What happens if a limit order never reaches the limit order price?
For buy limit orders, the order will be executed only at the limit price or a lower one, while for sell limit orders, the order will be executed only at the limit price or a higher one. If the asset does not reach the specified price, the order is not filled and the investor may miss out on the trading opportunity.
Will a limit order execute at a lower price?
A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher.
Will my limit order get executed if the opening price is higher than that?
By using a limit order to make a purchase, the investor is guaranteed to pay that price or less. While the price is guaranteed, the order being filled is not. After all, a buy limit order won’t be executed unless the asking price is at or below the specified limit price.
What happens if limit order not executed?
A limit order is ineffective when the price of the underlying asset jumps above the entry price. This is because the limit price is the maximum amount the investor is willing to pay, and in this case, it is currently below the market price.
Do limit orders executed after hours?
Unlike market orders, which can only be executed during the standard market session, limit orders can be entered for execution during pre-market, standard, and after-hours trading sessions. Day limit orders expire at the end of the current trading session and do not carry over to after-hours sessions.
How to place a GTT buy or sell order in Zerodha?
Zerodha offers to place a GTT buy or GTT sell order using a Single trigger or OCO (One Cancels the other). Single Trigger – In the Single trigger type, you need to set the trigger price and input the order price for the required quantity. The single order gets placed to the exchange as soon as the trigger price gets hit.
What is a trigger order in Zerodha?
At Zerodha we have two types of trigger orders: Good till triggered (GTT) orders – validity up to 1 year. Stoploss orders which can be used as trigger orders – valid only for the day. So instead of using a limit order, you could place a GTT (or SL) order to buy the stock at a limit of 190 or at market price with a trigger of 190.
How much does Zerodha pay for intra-day trading?
Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. Good Till Triggered (GTT) allows you to place an order to be sent to the exchange only when the price condition gets met.
How many GTT orders can I place at a time?
A maximum of 50 active GTTs is allowed at a time for one account. The GTT order will be triggered even in case a stock opens gap up or gaps down, having breached your trigger price. For instance, if the stock closes at 90 on Monday and you have placed a buy trigger for 100 with a limit price of 102.