RealMoney Radio Mailbag: Taking It to the Limit
Editor's note: The following are questions received from listeners of "RealMoney Radio." To send Cramer a question about topics from his radio show, click here. Listen to Cramer's latest radio show by clicking here.
What is a limit order?-- Cho
Jim Cramer
: A limit order is an order to buy a stock where you specify the maximum price you are willing to pay for it. For example, if you place an order to buy
(GOOG) - Get Alphabet Inc. Report
with a limit of $404, you will not pay above that amount for the stock. I recommend that investors make a practice of using limit orders, particularly when buying at the open and/or when buying small caps.
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At the time of publication, Cramer had no position on any stocks mentioned.
Jim Cramer is a director and co-founder of TheStreet.com. He contributes daily market commentary for TheStreet.com's sites and serves as an adviser to the company's CEO. Outside contributing columnists for TheStreet.com and RealMoney.com, including Cramer, may, from time to time, write about stocks in which they have a position. In such cases, appropriate disclosure is made. To see his personal portfolio and find out what trades Cramer will make before he makes them, sign up for
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