Below the Market
An order to buy or sell a security at a price lower than the current market price. Investopedia Says:
Investors may choose to place a limit order to buy, a stop order to sell, or a stop-limit order to sell. In order to limit losses, investors holding a long position may place a stop order, which activates the sale of the securities if the price declines below a particular point. Related Terms:
Above the Market
Limit Order
Market Order
Stop Order
Stop-Limit Order
Stop-Loss Order |