Stock order execution – limit orders [duplicate]
Why did my market order get executed as a limit order?
This happens if you place market orders in BSE or certain illiquid stocks in NSE. The Bid-Ask spread in a lot of stocks is very high, due to which when you place a market order the execution may happen far away from the last traded price.
What happens when a limit order is executed?
A limit order allows an investor to sell or buy a stock once it reaches a given price. A buy limit order executes at the given price or lower. A sell limit order executes at the given price or higher. The order only trades your stock at the given price or better.
Do limit orders guarantee execution?
A limit order is not guaranteed to execute. A limit order can only be filled if the stock’s market price reaches the limit price. While limit orders do not guarantee execution, they help ensure that an investor does not pay more than a pre-determined price for a stock.
Can you have two orders on the same stock?
Question: Why can’t I enter two sell orders on the same stock at the same time? The short answer is, most brokers will disallow this to make sure that you don’t double-sell the shares, minimizing both your risk and theirs.
Can a limit order be Cancelled?
Investors may cancel standing orders, such as a limit or stop order, for any reason so long as the order has not been filled yet. Limit and stop orders may stand for hours or days before being filled depending on price movement, so these orders can logically be canceled without difficulty.
How long does it take for a limit order to execute?
Limit orders guarantee a price, but you may not get filled until the stock price reaches your limit. Once orders are filled, they can take an additional couple of days to go through the clearing and settlement process, although you’ll see them in your account pretty much right away.
Do limit orders executed after hours?
Unlike market orders, which can only be executed during the standard market session, limit orders can be entered for execution during pre-market, standard, and after-hours trading sessions.
Why is my limit order not being filled?
Why Might a Limit Order Not Get Filled? A buy limit order won’t get filled if the price of the underlying asset jumps above the order’s stated price. This is because the limit price is the maximum amount the investor is willing to pay. In the case of a gap, that price would now be below the market price.
Why do limit orders get rejected?
Your limit order is too aggressive: your limit order may also be rejected if it fails one of our risk checks. Risk checks help us to identify orders that don’t quite make sense in the context of where the stock is currently trading in the market, such as a $1,000 limit sell order for a stock currently trading at $5.
Can you have a stop limit and limit order at the same time?
Yes, as far as the market is concerned, you can submit a limit order to sell at a good price and stop-loss to sell the same asset at a bad price.
Can I buy more of the same stock without selling?
There are no restrictions on placing multiple buy orders to buy the same stock more than once in a day, and you can place multiple sell orders to sell the same stock in a single day. The FINRA restrictions only apply to buying and selling the same stock within the designated five-trading-day period.
What does OCO mean in stock trading?
With a one-cancels-the-other order (OCO), 2 orders are live so that if either executes, the other is automatically triggered to cancel. When orders are placed for retirement accounts, a price-reasonability check helps prevent both OCO orders from executing in a fast market.
What is Blast all order?
Blast All. Submits up to eight orders simultaneously, each independent of the others. 1st Triggers Sequence. The first order entered in the Order Entry screen triggers a series of up to seven more orders that are not filled until the next order in the queue is filled.
What is Oto order?
An order-sends-order (OSO), also commonly known as an order-triggers-other/one-triggers-other (OTO), is a set of conditional orders stipulating that if one order executes (the primary order), then the other orders are automatically entered (the secondary order or orders).
What does GTT mean in trading?
Good Till Trigger Feature
“Good Till Trigger Feature” or “GTT Feature” or “GTT” is a feature which allows You to set certain Trigger Conditions; such that, as and when such Trigger Conditions are met, a limit order as per the Trigger Conditions set by You would be placed on the Exchanges.
Can I use GTT for intraday?
GTT feature for stocks is restricted only for Equity Delivery trades (CNC). There is no Zerodha GTT for MIS/Intraday trades.
How do I get rid of GTT?
How do I delete a Good Till Triggered(GTT) order placed on Kite?
- Go to the Orders window on Kite.
- Click on the GTT tab.
- Place your cursor over the stock you want to delete and the options tab will pop up.
- Click on the options tab.
- Click on delete.
- Click on the delete button.
What if GTT is triggered?
When a GTT is triggered, and the order is placed on the exchange, it will be executed only if the limit price order placed is filled on the exchange.
Why GTT is Cancelled?
If it isn’t triggered within one year, the GTT will be cancelled. You will need to place the GTT again manually if required. A GTT trigger is valid only once. So, if an order fired by a GTT is not filled at the exchange for any reason, you will need to re-place the GTT order manually.
Why is GTT sell order not executed?
In case a limit order is outside the circuit price , it is rejected and will not execute. GTT is completely free and there are no additional charges for using it. You need to pre-authorise your GTT sell orders using CDSL TPIN, if not the GTT will be triggered but the sell limit order is rejected.
What happens if GTT is rejected?
If your GTT is triggered and a limit order is placed on the exchange,it will get rejected, if you don’t have enough holdings of the stock in your Demat account. 4) If there was a Corporate Action for the shares you hold.
Why are stock orders rejected?
Your orders can get rejected due to one of many reasons like insufficient margin, incorrect use of order type, scrip not available for trading, stock group change etc. The rejection reason is displayed in the order book.
Does Zerodha charge for rejected orders?
No, Zerodha doesn’t charge brokerage or any other fees for rejected orders. The company charges brokerage and other fees only for executed orders.
What is POA and non POA?
Power of Attorney (POA) is a document that gives the stockbroker authorisation to debit your shares from your demat account whenever you sell your holdings. If your POA is mapped to your Zerodha account, you will be able to sell your holdings without a prompt asking you to authorise the transaction.
Can I sell shares without POA?
Electronic Delivery Instruction Slip or eDIS is a facility which allows you to sell shares when you have not submitted your Power of Attorney (POA). Please note: You can only sell the stocks you are holding in your linked Demat account. You may submit your POA to ensure a seamless trading experience.
Can I do intraday without POA?
While trading futures and options or intraday equity trading, there is no requirement of the POA. But whenever you sell shares from your demat account or want to pledge them for getting margin for trading F&O, the POA is used to debit the shares from your demat account.