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Would someone please further my understanding of market and limit stop
orders?
As I understand it, all limit orders must be filled within the bid/ask
spread. With a stop market order, it seems that someone could just place a
limit order and buy/sell one's stock well outside of the trading range. Is
this true? If so, they would be useless.
The problem with a limit stop order is that the price could be passed in a
gap and not get filled.
Thanks, neo
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