Market If Touched - MIT
An order to purchase or sell a security as soon as a specific price is reached.
Investopedia Commentary
Once the security reaches a certain price, the order automatically becomes a market order.
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Stock Basics Tutorial
The Nitty-Gritty Of Executing A Trade
Understanding Order Execution
The Basics Of Order Entry
See also: All or None Order, Broker, Immediate or Cancel Order, Limit Order, Market Order, Stop Order
Also spelled: MIT