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Limit order

In one line: Buy or sell only at your price or better.

A limit order says: 'I buy at 50 or cheaper' or 'I sell at 60 or higher'. Price is guaranteed, a fill is not.

The SECThe US stock market regulator. notes a limit order may never fill. Maybe the market never reaches your price. Or other orders at that price are ahead of yours in the queue.

Post-only: some crypto exchanges offer a post-only limit order (on Binance it is called GTX). It is only accepted if it would wait in the order bookThe live list of all buy and sell orders.. Bybit's help page says the system automatically cancels the limit order if it detects that it would be executed immediately.

Related

Sources & studies

  1. Investor.gov (SEC): Limit order
  2. SEC: Limit orders
  3. Bybit Help Center: Post-Only order

Order typesMarket orderStop-limit order

Last checked: 2026-11-04 · Educational, not financial advice.

Education only, not financial advice. No signals. Backtests are hypothetical: real trading can be worse. Past results don't predict future results.