market-if-touched (MIT) order

Definition of "market-if-touched (MIT) order"
  1. An instruction set to buy or sell at market prices when a specified price is hit, with a sell MIT being above the market prices and a buy MIT below
How to use "market-if-touched (MIT) order" in a sentence
  1. The broker made a profit using a market-if-touched (MIT) order once the price hit the desired mark.
  2. He placed a market-if-touched (MIT) order below the current rate, speculating a dip in prices.
  3. To control her losses, she utilized a market-if-touched (MIT) order above the current market price.
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