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In most cases, if you put in a market order (which you should never do) or an on target (my term) limit order, it takes less than a second. If your limit order to buy is slightly lower (like a half penny) then they want it'll take longer -possibly 30 seconds.
Limit Orders. A limit order is an order to buy or sell a stock at a specific price or better. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. A limit order can only be filled if the stock's market price reaches the limit price
A buy limit order allows investors to pick a specific price and assures that they will only pay that price or better. A buy limit order will not execute if the ask price remains above the specified buy limit price. A market order prioritizes speed of sale, above the price of the security.
To place a limit order, decide whether you want to use a buy or sell limit order. For a sell limit order, direct your broker service to sell your shares when they reach a certain price. For a buy limit order, direct your broker service to buy shares or securities when they dip below a certain price.
In a scenario where a general market order would execute during a “flash crash,” a buy limit order will not execute. This occurs because a buy market order puts the speed of execution before the price of the security.
Buy Limit Order vs. In a scenario where a general market order would execute during a 'flash crash', a buy limit order will not execute. This occurs because a buy market order puts the speed of execution before the price of the security.
A buy limit order is an order to purchase an asset at or below a specified price, allowing traders to control how much they pay. By using a limit order to make a purchase, the investor is guaranteed to pay that price or less. While the price is guaranteed, the order being filled is not.
New research suggests widespread use of limit orders may be one reason individual investors do poorly when trading stocks. Even as taxes, fees and trading costs eat into returns, individual investors also tend to make poor choices, buying losing stocks and selling winners.
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