Limit if Touched

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Limit if Touched

An order to a broker to buy or sell a security at a certain stated price once a different stated price is reached. For example, suppose the second price is $50. A limit if touched order remains inactive until that security begins trading at $50, at which point the broker may fill the order at the investor's preferred price. A limit if touched order is identical to a stop limit order, except for the fact that a limit if touched sell order is made when the security is trading below the stop price, while a stop loss sell order is made when the security is trading above the stop price.
References in classic literature ?
One was an aged, dignified, stern-looking gentleman, clad as for a solemn festival in grave and costly attire, but with a great bloodstain on his richly wrought band; the second, an aged man, meanly dressed, with a dark and malign countenance, and a broken halter about his neck; the third, a person not so advanced in life as the former two, but beyond the middle age, wearing a coarse woollen tunic and leather breeches, and with a carpenter's rule sticking out of his side pocket.
Good men ever interpret themselves too meanly," said the physician.
Much might be ruminated here, concerning the essential dignity of this regal process, because in common life we esteem but meanly and contemptibly a fellow who anoints his hair, and palpably smells of that anointing.
They would feel that they could trust him; that the nephew who had done rightly by his father, would do rightly by them; for they know, as well as he does, as well as all the world must know, that he ought to pay this visit to his father; and while meanly exerting their power to delay it, are in their hearts not thinking the better of him for submitting to their whims.
Pendril, "so meanly and disgracefully insufficient that I am ashamed to mention it.
The man who is telling the story has a proverbial great advantage; but I hope the reader knows enough of me by this to believe that I am far from meanly availing myself of it in this narrative.
But let us leave him there; for he will surely find some one to help him, and if not, let him suffer and hold his tongue who attempts more than his strength allows him to do; and let us go back fifty paces to see what Don Luis said in reply to the Judge whom we left questioning him privately as to his reasons for coming on foot and so meanly dressed.
They were rather handsome, had been educated in one of the first private seminaries in town, had a fortune of twenty thousand pounds, were in the habit of spending more than they ought, and of associating with people of rank, and were therefore in every respect entitled to think well of themselves, and meanly of others.
I confess I have often meanly shrunk from confessing to these accomplished and acute gentlemen what my own experience has been.
The youth delivers himself in chosen language, such as is seldom heard in these hills, and such as occasions great surprise to me, how one so meanly clad, and following so lowly a pursuit, could attain.
The unblushing Macdonald, without even endeavouring to exculpate himself from the crime he was charged with, meanly endeavoured to reproach Sophia with ignobly defrauding him of his money .
said he, disdainfully, "monseigneur lodged his grandeur very meanly here.