How do limit orders work?

todays situation :-

dollarseptfut was at 66.6250

i had achieved a decent margin at 66.6000 itself .

however, i still was hopeful that it may go a little more up , however i was not ready to risk the 66.6000 position.

so i placed a sell limit order at 66.150 when LTP was 66.2500 .

i thought i would sell only when dollar comes down , but it sold immediately .

why so ?

you need to check buy side ( bid rate) as well while selling, if your limit price matches with bid rate or less immediately it executes,

1 Like