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Four modes of pending order transaction
In trading, in addition to following the market and buying in time, you can also choose an ideal price setting to buy automatically, which is what we often call pending orders trading. For part-time traders, we can't always pay attention to the market trend, so the way of pending orders trading is more suitable for us. There are four types of pending orders, namely, limit purchase, limit sale, buy stop loss and sell stop loss. Next, let Bian Xiao answer for you. 1, limit purchase: the so-called limit purchase means placing more orders below the current price. If you want to place an order successfully, you need a certain price drop. If you want to make a profit, you need to go through a period of rise after falling again. It can be understood as anti-downtrend trading. 2. Limit selling: The so-called limit selling refers to hanging an empty bill above the current price. This is an anti-rising transaction, and investors need to seize the inflection point of rising to falling to make a profit. 3, buy stop loss: that is, hang more than the current price. Unlike limit buying, stop buying follows an upward trend. 4. Selling stop loss: that is, hanging an empty order below the current price is different from selling limit. Selling a stop loss means shorting along the downward trend. Generally speaking, the four pending orders can be simply divided into following the trend or grasping the turning point of the trend, which is suitable for different market types. When investors think that the recent trend is not strong and the price will increase sideways, it is best to adopt the method of restricting buying and selling. When the trend is strong, follow the trend, buy stop loss and sell stop loss.