Buying at Limit

[gordon2007]

Put a buy order in this morning at a limit price. I watched the price go lower past my limit, then the buy went through at a lower price then I had asked. Good for me, not complaining. But just have never seen that happen. Any idea how or why that happens? In my short trading experience I haven't seen that before.

 

[gfresh]

nice name

A buy limit is the maximum price you have set that you are prepared to pay. So it won't be bought for over that price, but it may be under. Obviously that's a nice one for you. Has happened to me a few times.

 

[gordon2007]

ahhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhhh. OK many thanks. Never realised that was the case.