I have researched but am still confused about the details on how stop-limit orders work?

Nick Pileggi

New member
I know you have to enter the current price of the share, then the limit, then the activation price.

This isn't the stock I'm buying into but for example, if I want 50 shares of AAPL @ $323.60 a share.. If I enter my limit price at $323.60 and my act. price at $323.60 also and while I'm making the trade the share rises to $325 a share, will my order still execute or will it expire? And if it does execute, since the 50 shares I'm wanting cost more than they initially did, would it execute if I don't have enough funds in my account to cover the extra costs of making the order? I don't wanna owe my broker any more money than what I have deposited in my account.

Thank you very much for helping me and if this is too confusing just tell me and I will try to make it more simple to understand.
 
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