moomoo MY Help Center-Market If Touched (MIT)
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Help Center Trading in US Market Order Types Market If Touched (MIT)

Market If Touched (MIT)

An order to buy (or sell) below (or above) the market price. Once the price rises (or falls) to the specified price, the order will be sent to the clearing broker and filled at the market price. An MIT order is not guaranteed a specific execution price.
Sell-side: MIT order is placed above the current market price to gain the profit of a long position.
Buy-side: MIT order is placed below the current market price to gain the profit of a short position.

Example

Sell-side: Stock XYZ has a current price of $10, you submit a MIT order with a trigger price of $15. If XYZ's market price rises to $15 it will be filled.
Buy-side: You short sell stock XYZ at $30, you submit a MIT order with a trigger price of $15 when the market price is $40. If XYZ's market price falls to $15 or lower, it will be filled.
 

Disclaimers

Moomoo MY offers market orders as a convenient online trading method for customers. While we strive to provide stable services, we cannot guarantee absolute reliability. In the event that a market order is not executed due to factors such as network interruptions or server abnormalities, we will not be liable for any resulting loss or damage.

● Moomoo MY may adjust the multiplier from time to time based on market conditions. Once a market order is filled or cancelled, a part of buying power may be released.

● To avoid cases where the fill price of a market order is too far away from the expected price, some scenarios will be deemed as having insufficient liquidity, in which a market order will not be available.

● The system will use a specific quote data source as the quote price monitoring standard. For example, the US stock is based on UTP quotes for price monitoring, and the performance of basic quotes may be different from UTP quotes.