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Limit orders are here 🚀

The sky's the limit on Lightyear… or rather, the limit is now whatever you set it to be. One of our most requested features has now landed: limit orders!
Nishil Parekh
Nishil Parekh
Product
Published 10 months ago
2 minute read

What is a limit order? 🤔

Limit orders are a tool in your trading toolkit to give you more control over the price you pay for a stock. Limit orders can essentially "limit" the price you pay to buy a stock, or the price you receive for selling one.
They allow you to choose the price you want to buy a stock at or sell it for. Unlike a market order (that buys or sells a stock at the best available price) a limit order only happens if the price is at - or better than - a price you set.
For example, if you owned shares in a company that were worth $200 per share, you might want to sell them if the share price increases in value to $250 by setting a sell limit order at that share price.

Why do investors use limit orders? đź’¸

Investors typically use a buy limit order if they feel the market is overvaluing the stock — where they’re hoping to buy at a better (lower) price.
A buy limit Orders can help prevent you from getting a market order at a price you weren’t expecting.
Doing this can also give you more certainty about your purchase price if a stock is volatile — rising and falling quickly. A buy limit order could prevent you from getting a market order at a price you weren't expecting.
A sell limit order allows you to specify the price that you’re willing to sell a stock for, which some investors prefer.

You asked, we answered âś…

We’ve been live for a few months now, and a lot of our early customers have been great at giving us feedback on what they like, don’t like and want to see more of.
Limit orders was our most requested new feature, so we really hope you enjoy it!
As always, if you have ideas or feature requests we love to hear from you, so drop us an email to hello@golightyear.com and we’ll take it from there.
Remember, when investing your capital is at risk. Limit orders are not guaranteed. They will only execute at the given price or better. Your trade will only go through if a stock reaches or improves upon the set limit price for long enough to be executed. If it never reaches that price, or there is no trade volume available at that price, the order won't execute.

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Nishil Parekh
Nishil Parekh
Product

Download the app and start investing now

Scan to download Lightyear
When you invest, your capital is at risk.
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Lightyear Financial Ltd is an appointed representative of RiskSave Technologies Ltd, which is authorised and regulated by the Financial Conduct Authority (FRN 775330). Lightyear Financial Ltd is a company registered in England and Wales with company number 12925823. Registered office 42-46 Princelet St, London E1 5LP, United Kingdom. Lightyear Financial Ltd can be found in Financial Conduct Authority Financial Services register under FRN 955739.

Lightyear Europe AS is authorised and regulated as an investment firm by the Estonian Financial Supervision Authority (Finantsinspektsioon) under activity licence number 4.1-1/31. Lightyear Europe is a company registered in Estonia with company number 16235024 and registered office at Volta 1, Tallinn 10412, Estonia.