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The Life of an Order Explained: What Happens After You Hit Buy? | Canadian Investing
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In this episode, we trace what really happens between you pressing "buy" and owning the shares. Your order lands in an order book, competes with thousands of others under price-time priority, and gets matched against the best available counterparty — or waits, partially fills, or gets repriced in a fast-moving market.
Key takeaways:
- Market orders guarantee speed; limit orders guarantee price — you can't have both
- The bid-ask spread is the visible cost of every trade you make
- Partial…
The skinny
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