Limit Order
An order to buy or sell only at a specified price or better — it guarantees price but not that the order fills.
A limit order sets your worst acceptable price: a buy limit fills at your limit or lower, a sell limit at your limit or higher. It protects you from bad fills and slippage, but if price never reaches your limit, the order simply doesn't execute. It's the precision tool — ideal for entering at a specific level on a pullback or breakout.
The trade-off is missing the move: set a buy limit just under a breakout level and a fast-moving stock may leave without you. Traders balance price precision against the risk of non-execution depending on how badly they want the trade.
On StockSetups
Because every StockSetups setup gives an exact entry level, a limit order lets you wait for price to come to your spot rather than chasing — the stop and target then define the rest of the plan.
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