| STOP LIMIT ORDER: | ||
| Abbreviation: | LMT | |
| Additional Specifications: | Buy/Sell-STP Price-LMT Price-Quantity-Commodity-Month-Year | |
| Explanation of Order | Buy/Sell with a stop and limit order | |
| When to Use | Used when the trader wants to avoid slippage and get a specific price | |
| How its Placed | Buy Stops placed above market, Sell Placed Below+specify limit | |
| Broker/Online Placement Example | Buy 7 May 2003 Corn 2.50 Stop Limit 2.52 |