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Limit
Entry |
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An
order placed with a brokerage to buy or sell a security at a specific
price or better. |
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There are two
type of limit entry they are as follows: 1. Used as an order for instant execution when buying or shorting shares. Very useful when trading volatile stocks therefore often used by momentum traders. A chase factor can be set so your order is filled at your entry price or within a set number of cents (the chase). Limit orders often cost more as they attempt to guarantee your entry. 2. Places above (to sell) or below (to buy) the market in order to catch a bounce that may occur at support or resistance. This method is very popular with range and kiss theory traders. |
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