: There is no guarantee the order will be filled. If the stock never reaches your specified price, the trade will not occur. Key Benefits and Risks

: If a stock is currently trading at $17 but you only want to pay $14.50, you place a buy limit order at $14.50. The order remains pending until the price hits $14.50 or less.

: If there isn't enough liquidity at your price, only a portion of your order may be filled (e.g., you want 100 shares but only 50 are available at your price). Comparison: Limit Order vs. Market Order