Definition: also known as limit order, refers to the client's entrustment to the securities broker, including
Signs that the buying price is lower than the market price or the selling price is higher than the market price. When the market price reaches other set prices, the transaction is completed. That is, brokers will only trade within the price limit entrusted by customers. For example, a customer wants to buy shares of Company B in 30 yuan, and the current price is 33 yuan. Even if the share price drops to 30. 125 yuan, the brokerage firm will not make such entrustment. On the other hand, if the customer wants to sell shares in 33 yuan and the current price is 30 yuan, then the broker will wait until the share price reaches 33 yuan before entering the market. Because the price limit commission can sometimes generate considerable profits, the risk of speculators using this order commission is that the price level they set may not be reached and the transaction cannot be completed.
Stop loss order
Definition:
Also known as a stop-loss order, in the financial investment market, in order to reduce possible losses or protect its unrealized interests, an order is bought at a price higher than the current market when it is bullish, or sold at a price lower than the current market when it is bearish, so as to minimize losses or protect its interests.