Can You Use a Limit Order on a Mutual Fund?
A mutual fund order ticket has no price box: every buy and sell strikes at the next computed NAV. What a limit order cannot do, and the two levers you have.
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Stop Order vs Stop-Limit Order: How Each Fills
A stop order becomes a market order and fills at any price. A stop-limit becomes a limit order and can miss the exit entirely. Five years of gap data show it.