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Day Trading MCQs

What does a limit order do?

It limits other traders' ability to buy the same stock.

When the stock price hits a certain trigger point, a market order to sell or buy a stock becomes effective.

It limits your taxation.

It limits how many transactions you can make in a day.

Answer

Correct Answer: When the stock price hits a certain trigger point, a market order to sell or buy a stock becomes effective.

Explanation:

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