What is a Buy Minus Order?
A buy minus order involves the execution of an order to purchase a specific number of shares of stock or securities, with the stipulation that the order to buy stocks is not executed unless certain market conditions, in particular the stock price, come into existence. With a buy minus order, the market price is equal to or less than the price of the last trade for the same stock or security. Further, the price on the previous trade has to be a minus. In order to be a minus, the price on the last trade also has to be less and the minimum change in the stock price was either an uptick or a zero-plus tick. Many investors choose to buy stocks below market price, with a buy minus strategy specifically in mind. In order to enter a buy minus order, it is necessary for the investor to first look at the current market price of the security. This will provide the starting point for evaluating the performance of the security and determine if there is enough interest on the part of the investor to
