Time-of-day orders allow traders to set specific times for their stock orders. It's a way to set up an automatic trade surrounding a key event you think will impact your portfolio.
You think a company will release a good earnings report. It's a chain of florists, and your theory is that romance is set for a rebound. You've also gone long chocolate makers and stuffed bear manufacturers.
For your flower play, you want to buy the stock moments before the news is set to be released. You can use a time-in-force order to set that up. That way, if you get a surprise bouquet delivered to the office just as the earnings report is set to hit the newswires, you won't miss your opportunity...while lovingly sniffing the roses.
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Finance: What are Limit Order, Sell Limi...4 Views
Finance a la shmoop what is a limit order? you want to sell a thousand shares
of Colonel electric it was demoted after they cut their dividend the shares have [Scissors cuts dividend in half]
been trading wildly between $15 and $25 a share you don't want to feel like a
moron for having sold them at fifteen bucks when six weeks later they kissed
25 with tongue so what do you do well you put in a limit order that is you put
a limit of a minimum price of 25 bucks a share for Colonel Electric such that [Pile of stocks appear]
those shares will simply sit in your account unsold maybe forever until
somebody out in the wild blue yonder of Stockland is willing to pay twenty five [Woman standing at a colonel electric stand]
dollars or more for the shares where you have a minimum price limit of 25 bucks a
share in your order so here's to hoping they sell and don't get further demoted [Man carries stock into car]
Sargent Electric is just a place you don't want to go
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