LOO
Limit On Open Order

Placing order with your broker, is the first step you take, after you create your 'Trading Action Plan', based on your own technical or fundamental research. Before you can start buying and selling stocks, you must know the different types of orders and when each one is appropriate.

Most markets have single price auctions at the beginning and the end of regular trading.This order allows the trader to buy or sell in the market open auction at limit price.The shares will be bought if the market open price is same or less than the specified price and a sell trade is executed, if the market open price is same or higher than the specified price.

Compare this with other type of orders:

• All or None Order
• GTC Order
• GTD Order
• IOC Order
• Limit Order
• Market Order
• Stop Loss Order
• Stop Limit Order
• Minimum Fill Order
• One Cancels Other Order
• Market on Close Order
• Limit on Close Order
• Market on Open Order
• Market If Touched Order
• Iceberg Order
• Fill or Kill Order

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