A buy limit order allows an investor to purchase a stock only if it falls to a specified price or lower. It’s a tool for gaining entry at favorable prices without chasing the market—and a common topic on exam questions about order execution logic.

You’ll learn:

• How buy limit orders work and when they’re used

• Why these orders might never be filled

• How price movement affects execution eligibility

• Exam traps related to timing, order priority, and price conditions

📘 Related Exams: SIE, Series 7, Series 9, Series 65, Series 66
🧠 Skill Level: Beginner-to-intermediate
📈 Topics Covered: Limit orders, price execution, investor strategies, order type comparison