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

Limit If Touched (LIT)

A limit if touched (LIT) order is an order to buy (or sell) at a specified price or better, below (or above) the market price. This order is held in the system until the trigger price is reached.
Sell-side: An LIT order is similar to a stop limit order, except that a sell-side LIT order is placed above the current market price, and a sell-side stop limit order is placed below the current market price.
Using a LIT order helps to ensure that, if the order does fill, the order will not fill at a price less favorable than the limit price.
 

Example

Suppose the current market price of a stock is $30:

● Sell-side: If you submit a LIT order at $33 with a limit price at $32, and later the market price rises to $33, the sell-side limit order will be triggered and filled at a price no less than $32.

 ● Buy-side: If you submit a LIT order at $26 with a limit price at $27, and later the market price drops to $26, the buy-side limit order will be triggered and filled at a price no more than $27.

Disclaimers

● Moomoo MY offers limit 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 limit 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.

● Advanced orders are simulated by Moomoo MY based on the basic orders and irrelevant to Exchanges' advanced orders. Please refer to the actual order page for more details.

● 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.