Using Order Book
Last updated
Last updated
In contrast to the section, where we guided you through placing a market buy order, what if the current share price seems too high and you want to buy at a lower price? Here’s how you can use our Order Book to set up buy and sell orders with a limit price.
Select the market you’re interested in.
Review the current ask prices in the order book to identify the best entry point.
Decide on the price you’re willing to pay. If you want immediate execution, match the lowest ask price.
Enter the number of shares you want to buy.
Place your buy order. It will either match with an existing sell order or remain active until it finds a match.
Check the current bid prices in the order book to find the best selling opportunity.
Choose your selling price. To sell quickly, match the highest bid price.
Specify the number of shares you wish to sell.
Submit your sell order. It will either match with a buy order or stay active until fulfilled.
Once you’ve placed an order, monitor its progress in the order book:
Open Orders: Your active orders that haven’t been matched yet.
Filled Orders: Orders that have been successfully executed.
Partially Filled Orders: Orders that have been partially matched but still have shares remaining.
If your order hasn’t been filled yet, you can adjust or cancel it:
To Modify an Order: Change the price or quantity directly in the order book interface.
To Cancel an Order: Select the order you wish to cancel and click “Cancel.”
When you’re ready to close your position, you have two options:
Wait for Market Expiration: Hold your shares until the market concludes. If your prediction is correct, you’ll earn $1 per share.
Sell Shares Early: Use the order book to sell your shares before the market ends, locking in profits or minimizing potential losses.
