A Limit if Touched (LIT) is an order to buy (or sell) an instrument at a specified price or better, below (or above) the market. This order is held in the system until the stop price is touched. An LIT order is similar to a stop-limit order, except that an LIT sell order is placed above the current market price, and a stop limit sell order is placed below.

The order follows the "buy low and sell high" rule: the buy trigger price needs to be lower than the current market price, and the sell trigger price needs to be higher than the current market price.

A sell LIT order must be entered above the current market price to gain the profit of a long position.

A buy LIT order must be entered below the current market price to gain the profit of a short position.

1. Examples

● Buy LIT order

Assuming you short sell stock XYZ at 30, you submit a buy LIT order with a trigger price of 15 and an order price of 16 when the market price is 40. If XYZ's market price falls to 15 or lower, a buy limit order will be submitted automatically to the clearing broker and filled at 16 or lower.

● Sell LIT order

Assuming stock XYZ has a current price of 10, you submit a sell LIT order with a trigger price of 15 and an order price of 14. If XYZ's market price rises to 15, a sell limit order will be submitted automatically to the clearing broker and filled at 14 or higher.

2. Order time

Clients can place orders at any time via the app.

3. Time-in-force

Clients can set the order's Time-in-force. If the order is not filled in full, the unfilled portion will be cancelled automatically by the system. If the order fails to be executed due to risk management or other reasons, the order status will update to "failed," and the system will not continue to place the order.

4. Trigger time

If the order reaches the trigger condition during the preset trading period, the system will automatically submit the order to the clearing broker. The LIT order will not be triggered if the trigger condition is met outside the preset trading period.

5. Notes

5.1 Placement of the conditional order does not directly freeze the customer's buying power or position. It will be frozen only when the condition of the order is triggered. Please note that triggering of conditional order does not guarantee that the order will be successfully submitted to the upstream broker or the exchange. The conditional order will be failed to submit due to insufficient buying power or positions of the account at that time.

5.2 After the LIT order is triggered, the system will place a limit order automatically when the trigger price is touched. However, there is no guarantee that the order will be filled. If the order is not filled during the Time-in-force, it will be cancelled automatically by the system.

5.3 After the LIT order is triggered, whether it is filled or not, the trigger conditions will not be effective again. Please place a new order if necessary.

5.4 After the LIT order is triggered, the system will place a limit order. For clients' convenience, the order details will be displayed in the original LIT order.

5.5 After the LIT order is triggered, the system will submit the order only when the client has enough maximum buying power on the account, and financing may be applied.

5.6 Orders cannot be executed in multiple directions at the same time. If the order quantity is greater than the current position, the order will not be executed. For example, a buy and a buyback cannot be executed simultaneously; the same applies to a sell and a short sale.

5.7 The LIT order will only be triggered during the preset trading period.

5.8 If short selling of the underlying asset is supported, clients can short sell the underlying. If the account does not hold any long position when the order is triggered, short selling of the underlying asset will be executed.

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

5.10 The system will use a specific quote data source as the quote price monitoring standard, for example, the U.S. stock is based on UTP quotes for price monitoring, the performance of Basic quotes may be different from UTP quote.

Disclaimer
Advanced orders are an order type developed by FUTU for clients' convenience. Meanwhile, FUTU tries to guarantee the execution of such orders. However, please be aware that the execution might be interrupted by poor network connections, server errors, etc. FUTU shall not be responsible or liable for any loss incurred.

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關稅風暴暫離高壓區！市場能否迎來反彈？

當地時間4月22日，美國總統特朗普公開承認美國目前對中國出口商品的關稅過高，預計稅率將大幅降低；美國財政部長貝森特也表示中美雙方關稅戰將很快降溫。4月25日，特朗普表示將爲不同國家設定「公平的」關稅稅率。特朗普此次對華關稅態度的轉變，能否平息市場恐慌情緒？關稅拉鋸戰最終結局如何？ Show More

Food流油

Apr 14 07:43

"Leaving the Group - Raising Taxes - Tweeting: The 'Money Making Strategy' of the Most Wild Gemini in Contemporary Times"

It's said that Trump is a walking drama machine, raising tariffs today and praising China tomorrow, making stock investors feel like they are on a roller coaster every day. But if you have seen hisThe Art of Trade, and then take another look at hisGemini horoscope—Wow! This guy's approach is simply the business version of "Empresses in the Palace", with every step marked by the four big characters "I want to make money".
The main core strategy in the book "The Art of Trade" is the combination of business thinking and the art of gaming.
Its core logic can be summarized into the following five dimensions:
1. The underlying logic of "creating momentum" and "the combination of reality and illusion".
The book emphasizes "always let the other party make the first offer" and "exaggerate demand to gain leverage."This strategy is often seen in tariff policies and trade negotiations.
[Example]
By imposing tariffs on various countries to create pressure, opponents are forced to the negotiation table, and then an agreement is reached through phased concessions.
II. Practical Application of the "Big Negotiation" Strategy
First, he scared everyone quite a bit, and then he gave a little reward.Imagine you are bargaining in a vegetable market, and Trump's approach is to first raise a loudspeaker and shout: "This pile of cabbage must be sold to me for 100 yuan today!" When the vendor is stunned, he suddenly rubs his hands and says: "But seeing that you are not having an easy time, let's settle for 80 yuan~"
[Example]
1. In 2018, tariffs were imposed on CN commodities, turning the global stock market into a green wilderness. Just when everyone was about to collapse, he suddenly signed a first-phase agreement and triumphantly tweeted: "No one understands deals better than I do!"
2. On April 2, 2025, ...

Limit if touched order