Limit - Order Buy

Leo sat in the dark, the blue glow of three monitors washing over his face. On the center screen, the ticker for $NEON pulsed like a dying star.

He opened his trade ticket and typed in the command: . limit order buy

At 2:15 PM, a major hedge fund dumped a massive block of $NEON. The red candles on the chart grew long and jagged. Leo sat in the dark, the blue glow

Leo didn't want to buy at the "Market" price. If he clicked buy now, he’d get whatever price the chaotic market threw at him—likely $102.05 or $101.90. He wanted a bargain, or he wanted nothing at all. $NEON Action: Buy Quantity: 500 shares Limit Price: $98.50 Expiration: Good 'til Cancelled (GTC) At 2:15 PM, a major hedge fund dumped

It was a volatile tech stock, a "falling knife" in trader parlance. Most people were panic-selling as the price tumbled from $150 down to $102. But Leo wasn't most people. He was a hunter, and he was waiting for a specific price.