At Best

  

Categories: Trading, Managed Funds

It's a trading term. Like "at best price" or "best terms" or "best value for my client to whom I owe a fiduciary obligation to treat them well in the fashion of the principal-agent rule". So "at best" might mean the best price. It might mean the best volume...i.e. the client wanted 14 million shares at $21 or better. You bought them 1 million at $20 but then the stock went to $25. That was not "at best".

The term has nothing to do with where you go to get giant flat screens.

Related or Semi-related Video

Finance: What Does "Away from the Market...3 Views

00:00

finance a la shmoop what does away from the market mean? limit orders that's what

00:08

this one's about you want to buy a hundred shares of amazork the finest [Person on computer looking at amazork]

00:12

seller of werewolf catching nets on the web but you don't want to pay more than

00:17

a grand a share for them and those shares are volatile, on days when there's

00:21

a full moon the stock shoots to 1,200 on days when the moon barely shows up the

00:26

stock often craters to right around a thousand so you put in your limit order

00:31

which is away from the market... Amazork is trading at $1,187 a share

00:38

this moment thanks to a half moon and you think it'll be two thousand dollars [Line increasing on graph of Amazork shark price]

00:41

a share in five years if what all those crazy astronomers are saying actually

00:46

holds water well but you want to be able to buy it at the right price you'll feel

00:51

like an idiot if you just pay 1,187 and then three months from now it's at 998

00:56

and you overpaid by 20-ish percent so you put in a limit order that is away [Man discussing limit orders]

01:02

from the market and note that away from the market can also work on a sell order

01:07

that's higher than market and you think about that for when the stock gets to

01:11

2000 so you wait and you wait preferably indoors and you know away from any open [Woman sitting by window and werewolf appears]

01:17

windows

Up Next

Finance: What are Limit Order, Sell Limit and Stop Limit?
4 Views

What is a limit order, and how can we be sure we never have one of those in place when we go to a doughnut shop?

Finance: What is Good 'Til Canceled (GTC)?
2 Views

What is Good ‘Til Cancelled (GTC)? GTC orders are trade orders that may be filled at any time unless the investor cancels it. Good til cancelled...

Finance: What is Good Delivery?
11 Views

What is Good Delivery? Good delivery just means that nothing gets in the way of a security transfer after a transaction is made. It’s kind of a d...

Finance: What are Buy Stop and Sell Stop Orders?
10 Views

What are Buy Stop and Sell Stop Orders? An investor makes a buy stop order; the buy stop tells the broker to purchase an asset when its price becom...

Find other enlightening terms in Shmoop Finance Genius Bar(f)