While trading allows you to purchase/sell shares at the current value of the stock. Orders allow you to schedule trades that should execute if the price of a stock reaches a certain limit. This is a great tool that allows you to limit your potential losses in case the price of a stock suddenly decreases, or to capitalise on it and purchase at a lower limit.
To create an Order, simply visit the company you want to trade, select if you want to Buy or Sell Shares and then select Order.
When creating an order, you need to specify the amount of shares you want to place an order for and at what price you want the order to execute.
Based on the number of shares and price, you will be able to view a summary of the transaction outlining any costs or earnings if the trade is finalised.
Whenever you create a buy or sell order, Metaversy will reserve your shares or Meta-Bucks needed to finalise the transaction. You are therefore unable to sell the reserved shares via a trade while your order is still active.
The order can fail to be created if you don't have enough Meta-Bucks to cover the order, if you have reached your Daily Share Limit or you are trying to sell more shares than you currently hold.
You can find all your active orders under the Order Page located in the main menu.
This overview allows you to view all of your current active orders, edit them or cancel them.
To edit an order, simply select the edit button and you will be able to change the amount of shares and the price.
To delete an order, simply select the remove button and it will be removed immediately and your locked shares or Meta-Bucks will be returned.
On the Order Page, you are also able to view the history of all previous, finalised orders. As soon as an order has been completed, it will be removed from the active list and added to the history.