The "Do Not Reduce (DNR)" order type is a limit order that allows the investor to specify a price at which they are willing to buy or sell a security, without specifying a time frame. This order type is often used by investors who want to buy or sell a security, but are not concerned about getting the best possible price, or who do not want their order to be filled immediately. What does reduce mean in stocks? Reduce means to sell a security at a price that is lower than the current market price. For example, if a stock is trading at $10 per share, and you enter an order to reduce at $9 per share, your order will execute at $9 per share. Can I place a stop loss and limit order at the same time Fidelity? Yes, you can place a stop loss and limit order at the same time with Fidelity. To do so, you'll need to place a limit order first and then attach a stop loss order to it.
What does all or none do not reduce mean?
The "All or None" (AON) order type means that an order must be filled in its entirety, or not at all. This is in contrast to other order types (such as "Fill or Kill" or "Immediate or Cancel") where only a partial fill is possible.
There are a few reasons why someone might use an AON order:
1) To avoid market impact: If an order is large and/or is likely to move the market, the trader might want to use an AON order to avoid slippage (the difference between the price at which the order is placed and the price at which it is actually filled).
2) To avoid partial fills: In some cases, a partial fill might not be desirable (for example, if the order is for a large block of shares and a partial fill would result in an undesirably small position).
3) To avoid execution risk: If the market is moving quickly and/or is volatile, there is a risk that an order might not be filled at the desired price. By using an AON order, the trader is guaranteed that the order will only be filled at the desired price (or not at all).
There are also a few potential downsides to using an AON order:
1) Increased market impact: If an order is large and/or is likely to move the market, the trader might want to use an AON order to avoid slippage (the difference between the price at which the order is placed and the price at which it is actually filled).
2) Increased execution risk: If the market is moving quickly and/or is volatile, there is a risk that an order might not be filled at the desired price. By using an AON order, the trader is guaranteeing that the order will only be filled at the desired price (or not at all).
3) Potentially missed opportunities Why is my market order still open? The most likely reason why your market order is still open is that the market has not yet reached your desired price. Depending on the stock, currency pair, or other asset you're trading, market conditions can cause your order to take some time to fill.
Another possibility is that you have placed a limit order rather than a market order. Limit orders allow you to specify the maximum (or minimum) price you're willing to pay (or accept) for a trade, and your order will only be filled at that price or better.
If you're not sure what type of order you placed, or if you want to cancel your order, you can check your order status or cancel your order through your broker's trading platform.
How does a stop limit order work? A stop limit order is an order to buy or sell a security at a specified price or better, after a specified price has been reached. A stop limit order is different from a regular stop order in that a stop limit order will only be executed at the specified price or better, while a regular stop order will be executed at the next available market price, even if it is worse than the specified price.