Hi, I'm learning how to invest and this scenario crossed my mind:
Suppose for a moment that there's a stock trading at around $10, you put a limit order to buy 100 units at $1(1/10 of its current price), and there's someone selling at least 100 units of the same stock using a market order. Is there a chance that the buy order gets executed?
In general: is there a mechanism/regulation(used by the markets, trading platforms, etc) preventing people from buying/selling a security way below its current trading price?
If it matters, I'm in Canada and use Questrade.
Thanks!
Submitted November 10, 2017 at 01:14PM by rodtakular http://ift.tt/2zwd0Hc
