#订单类型解析 Price List: Buy or sell at a specified price, which is more advantageous than the latest price in the order book, will turn into an order hanging on the order book waiting to be executed when the price reaches it, but it may take a very long time to execute. If it is less advantageous than the latest price in the order book, it will take the most advantageous counterpart order from the order book and execute immediately.
Even if a rogue order is written as selling a big pancake for ten thousand dollars or buying for two hundred thousand dollars, there is no fear; it will just execute the order.
In addition to direct limit orders, there is the best price order, which can select the counterpart price or the same direction price, suitable for short-term players.
Basically, retail investors can play until they go bankrupt by just using limit orders and best price orders.
Hanging orders are suitable for counter-trend operations and small capital operations, while taking orders is suitable for trend-following operations and large capital operations. Regardless of whether it's trend-following or counter-trend, large or small capital, one must learn to take profit and stop loss.