Do This… And Gain Control of Your Financial Destiny
July 21, 2015 at 05:00 AM EDT
My work puts me in touch with all kinds of investors, from beginners to seasoned pros. And it's made me realize that many investors, particularly those who are new to the stock market, are totally unaware that there are different order types - let alone the advantages that come from using them. So they simply call up their broker and tell him that they want to buy a given stock, bond, or ETF. There's a problem with that. Unless you name a specific price, you're effectively giving your broker permission to fill your order at any price. Of course, you're guaranteed to get filled as long as there's trading activity - meaning buyers and sellers making a market. And best of all, it puts you in control... Tags: (Nasdaq: NFLX) , advantages of limit orders , buying stocks using limit orders , financial destiny , how to invest , how to use a limit order , limit orders , Netflix Stock , NFLX , NFLX Stock , stock market order types To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2015 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Do This… And Gain Control of Your Financial Destiny appeared first on Money Morning - We Make Investing Profitable .