To maximize profitability on a position, an editor will often recommend “entering a lowball order” or “entering a limit order” at a price that is lower than the current price. This means that the recommendation is to place an order with your broker to buy at the moment the security or option drops to the desired price. So if XYZ stock is trading at $12.00 and the recommendation is to “enter a lowball order of $10.00 GTC,” you will place an order to buy under $10.00, and the order is good ’til canceled (GTC). As soon as XYZ dips below $10.00, your order will be filled at the number of shares specified.
Category: Nova-X Report