A brokerage customer's order to buy or sell a security, usually at a particular price, that remains in effect until executed or canceled.
A market order is an instruction given to a broker to buy or sell a security at the best available price at the moment the order is placed. This is executed immediately under current market conditions.
The term 'Or Better (OB)' is an indication on an order ticket for a limit order to buy or sell securities that instructs the broker to execute the order at a price better than the specified limit price if a better price is available.
A support level is a price level at which a security tends to stop falling because there is more demand for the security than supply of the security. It is an important concept in technical analysis used by traders and investors to make informed decisions.
Unwinding a trade involves reversing a securities transaction through an offsetting transaction, typically to close out a position by selling or buying back the corresponding amounts of the security originally traded.
