If i place buy limit order for a price which is higher then LTP i may get filled with limit price or best price below it.
But what if i want to place limit order at price higher then LTP an want to get filled only at that limit price & not any better price.
If i use SL limit order then my order gets triggered only when that trigger price comes & that decreases my chances to get into order book in advance.
Even it doesn’t guarantee to get filled at that limit price in volatile market.
Am I missing something or is there any way to enter order book in advance at price which is away from LTP on higher side ??
@nithin
nithin
July 16, 2023, 2:34am
2
Shaanthacker:
If i place buy limit order for a price which is higher then LTP i may get filled with limit price or best price below it.
But what if i want to place limit order at price higher then LTP an want to get filled only at that limit price & not any better price.
If i use SL limit order then my order gets triggered only when that trigger price comes & that decreases my chances to get into order book in advance.
Even it doesn’t guarantee to get filled at that limit price in volatile market.
Am I missing something or is there any way to enter order book in advance at price which is away from LTP on higher side ??
@nithin
You are right and there is no other way to be able to do what you are trying. You can either use SL or SL-M order. SL triggers a limit order when the trigger price is met and SL-M triggers a market order when trigger is met. No other way to be able to buy at a price above the market price.
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