InsiderFlow › Glossary › What is a limit order?
A limit order sets the maximum price you'll pay to buy (or the minimum to sell): total price control, no execution guarantee.
"Buy at 50 or less": if the stock never reaches 50, the order waits. It's the opposite of a market order: you give up execution certainty in exchange for price certainty.
It's the patient investor's tool: you decide your fair price calmly and let the market come to you. It eliminates slippage and protects you from wide spreads.
On InsiderFlow these concepts come alive on real data: what big funds and insiders are buying, explained every day.
Yes: the stock can run away without ever touching your price. That's the cost of discipline.
It depends on the chosen validity: day-only or "good till cancelled" (weeks or months).