3 ms·
A limit order just specifies the maximum that you are willing to spend per share. For example, putting in a limit order at $100 for a share of "X", means that
by nrmitchi 6y ago
A limit order just specifies the maximum that you are willing to spend per share.
For example, putting in a limit order at $100 for a share of "X", means that you won't pay more than $100. If the best available price for "X" at the time is $98, and Robinhood gives you a share for $99, that is still an inferior execution.