| LIMIT ORDER: | ||
|
||
| Abbreviation: | LMT | |
|
||
| Additional Specifications: | Buy/Sell-MIT Price-Quantity-Commodity-Month-Year | |
|
||
| Explanation of Order | Buy/Sell at a stated price or Better | |
|
||
| When to Use | Used usually when trades are of short term nature or large quantity | |
|
||
| How its Placed | Buy limit below market, Sell above market | |
|
||
| Broker/Online Placement Example | Buy 7 Dec 2002 Lean Hogs at 50 on Limit | |
|
||