1. A limit order executes at the given price or higher. The order only trades your stock at the given price or better. But a limit order will not always execute. Your trade will only go through if a stock's market price reaches or improves upon the limit price. 2. A limit order is usually valid for either a specific number of days (i.e. 30 days), until the order is filled, or until the trader cancels the order.

Answer given by Shubhamm Sir at 26-Apr-2023 05:31 PM