Prepaid bills are a way of placing orders in securities transactions (entrusted transactions). It is a transaction form that is estimated in advance, filled in in advance and submitted to the securities business department first. This kind of transaction in the stock market has an image metaphor: high selling is called "hanging basket"; Buying at a low level is called "burying mines".

Order: with stop loss function.

In this entrustment mode, the entrustment form filled out by the customer is a document to determine the agency relationship between the customer and the securities company, which has legal effect and is also the direct evidence to evaluate the completion of entrustment and distinguish the different rights and obligations of investors and securities institutions.

Extended data:

Prepaid bill application

An example of application: some stocks that may have a daily limit as soon as they open, and submit the prepaid purchase order in advance, can avoid the trouble that they can't buy because they have a daily limit as soon as they open. Similarly, for stocks that may fall as soon as they open, submitting the prepaid bill for sale in advance can also improve your chances of escape.

Application example 2: If you have a clear grasp of the trend of the stock price, but have no time to operate when the market opens, you can also submit a prepaid bill before the market opens (even the night before), and then you can "automatically" trade after the market opens.

Application Example 3: Prepaid bills generally let you directly divide orders into different numbers. When the market has opened, it is more convenient to reduce or increase positions in batches by using this function. For big money speculators, it can improve the efficiency of "work" and facilitate those who like to hide big orders.

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