Limit order
Trading & ordersAn instruction to trade only at a specified price or better.
In plain terms
Guarantees your price. Guarantees nothing about getting filled.
1492 terms
Glossary
Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.
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Round number bias
Risk & psychologyAlso called: Round numbers
The human tendency to place orders at round figures.
In plain terms
Why ₹500 and ₹1,000 attract clustered stops and limit orders, and why sitting a little away from them is worth doing.
Tape reading
Trading & ordersReading the live sequence of executed trades and the resting depth book to infer what participants are doing.
In plain terms
Worth using to decide whether to send a market or a limit order right now. Not worth using to predict direction, and hopeless as a speed contest against algorithms.