Held Order
Categories: Trading, Regulations
"Hold on, if you feel like letting go...hold on...to that market order..."
A held order is a market order (a stock transaction) that’s executed and filled ASAP. Investors use held orders if they need to quickly change their exposure, or if the market is on the fritz and they want to make a move before the security settles into a trend again.
The reverse (a not-held order) means you choose a timeline and price, which means you’re in the waiting-to-get-a-better-deal game. Which is cool, too.