What does OVL mean in UNCLASSIFIED

Order Volume Limitation prevents investors from overtrading and helps protect their capital by limiting the number of shares or contracts they can purchase or sell. The order specifies a certain number of shares or contracts that will be executed at a particular price. If the limit is not met, then no trades will occur.

By using orders volume limitations, traders can better manage risk and avoid excessive losses by setting predetermined limits on their trades. Additionally, it allows traders to take advantage of volatile markets and benefit from price swings without overextending themselves financially.

To set your own order volume limitation orders, you need to access your trading platform's order entry window and select the desired order type – either market limit or stop-limit. From there you can enter the specific volumes you wish to trade along with your desired prices.

Yes, you can if your trading platform supports this feature. You can adjust your existing orders by changing either the number of shares/contracts or the price at which they will be traded.

A potential downside is that these orders may not be fully filled if market conditions change unexpectedly or quickly before all requested shares/contracts can be purchased/sold.

Market limit orders execute at the best price currently available in the market whereas Order Volume Limitations allow for additional control over volume and pricing. Therefore, it might be more beneficial for investors who want more precise control over their trading parameters.

If you place an order after regular trading hours have closed, then it may not take effect until trading resumes during regular hours as long as there are no restrictions on after-hours trading imposed by your broker/exchange.

With any type of investing, there is always some risk involved; however, using an OVL helps mitigate risk by allowing investors to control both their position size and their execution price at once.