What does limit mean in stocks when you sell shares?
I am new to the world of trading. And I have started the career of trading from ICICI Direct. I have bought 10 shares of HDFC bank and today I want to sell them. But when I am trying to sell them, I see an option, Market or limit. Please tell me what it means.
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Sam
You are new in the world of trading, so you do not know much about this topic. Let’s talk about how you can sell your shares in ICICI Direct. You have asked that when you are trying to sell the stock of HDFC Bank, you see two options.
So let me tell you about the market first. Do you want to select the market or limit? If we talk about market options, and we select the market option then you can still sell your shares. This will mean that whatever the current share price will be, you will sell your shares at the same price.
So let’s talk about the limit, about which you have asked a question. So if you select the limit, the limit you will select when your share reaches that limit, then the application will sell automatic shares. So if you want to sell shares today and now, then you have to select the market option.
sameer mohammad
Sam has answered this question with a very good way. You do not choose the limit and choose the option of the market because you have to sell the stock at the same time.
But I want to tell you one more thing that you can also talk to ICICI Direct about this. You will be provided a personal adviser by ICICI direct, which will give you complete information about it. And if you want to do trading then your personal adviser will help you in this too.