: You are guaranteed to pay your specified price or less (for a buy) or receive your specified price or more (for a sell).
: If the market moves away from your price, you might miss out on a profitable trade entirely. what is a limit order when buying stocks
: If there isn't enough liquidity at your price, only a portion of your order may be filled (e.g., you want 100 shares but only 50 are available at your price). Comparison: Limit Order vs. Market Order : You are guaranteed to pay your specified