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A limit order outlines a minimum price a trader is willing to accept on a sale or the maximum price they are willing to pay on a stock. Contrary to a market order, where the trader trades at the current market price, a limit order can only be possible if the price meets the trader’s specified price or better.

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.