To avoid buying a stock at a price higher than you intend, you need to place ________ rather than a market order.

Question

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A limit order allows you to set the maximum price you are willing to pay for a stock, ensuring that you do not purchase the stock at a higher price than you intend. A stop-loss order is used to limit losses on a stock you already own, a day order only lasts for the current trading day, and a good-til-cancelled order could potentially result in purchasing a stock at a higher price than intended if the stock price fluctuates above your desired purchase price.

To Avoid Buying a Stock at a Price Higher Than