Types of orders & quotations Flashcards
1
Q
Name the 4 basic types of orders
A
Market Order
Limit Order
Stop Order
Stop Limit Order
2
Q
Define Market Order
A
next available price / execution guaranteed
3
Q
Define Limit Order
A
@specified price or better / price guaranteed
4
Q
Define Stop order
A
primarily used to protect / nothing guaranteed
5
Q
Define Stop Limit Order
A
like a stop, becomes limit order at trigger
6
Q
What is SLOBS / BLISS?
what does / represent?
A
Sell Limits o Buy Stops / Buy Limits i Sell Stocks
/ represents market value
