Do you ever get weird messages when placing equity trade orders? I just placed some limit orders to sell some of my stocks. Since the prices are down right now and I asked for high prices, each time I got "The limit price you have entered is significantly away from the current market price." Well, duh! That's the whole purpose of having a GTC 180 day order. It's called planning ahead. Isn't that message kind of stupid?
No. Messages like that are just a safeguard some brokers use if something about your order is unusual. It gives you a chance to review the order and correct typos.
You might not make mistakes in order entries. But many people do. Your broker is looking out for them.
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