A Limit Order is an order type that allows you to set your own trade price, and will not be executed unless the price you specify (or better) can be obtained.
To place a limit order in your brokerage account, you will need to open a live trading ticket using your "My Generation Portfolio."
Once the trading ticket is open, select Buy or Sell from the Action drop down:
For the order type, select Limit.
Choose an expiration for your order. Good for Day means the order will expire at the end of the trading day (4:00 PM ET, for a regular trading session). Good 'Till Canceled orders will expire in 60 days.
Type in the number of shares you want to trade, then type in your limit price. Remember, your order will not fill unless your price or better can be achieved in the market.
Click on Review Order to review your order's details. Click submit to activate your order.
Click on the Orders tab of your portfolio to see your pending, open, cancelled and rejected orders.
The companies and their stock symbols herein are meant for illustrative and informative purposes only and are not intended to serve as a recommendation to buy or sell any security in your Kapitall Generation account. All investments involve risk and past performance of a security does not guarantee future results or returns. There is always the potential of losing money when you invest securities or other financial products. Investors should consider their own investment objectives and risk tolerance carefully before investing.