A limit price is a plan, not a fill
A limit order states the price you can accept. It does not promise that the size, timing, or second leg will be available.
Practical explanations of prices, orders, and settlement.
A limit order states the price you can accept. It does not promise that the size, timing, or second leg will be available.
Opposite-looking positions can still leave risk when their dates, definitions, sources, or sizes do not match.
Before taking a side, test the rule against edge cases: timing, revisions, cancellations, and what happens when the named source is silent.
An event can finish before the contract is resolved and funds are available. Price the settlement path, not only the headline outcome.
A short label can hide the cutoff, source, and exceptions that determine settlement. Expand the question before comparing prices.
Historical outcomes can test a payoff idea, but realistic fills require the quotes, delays, costs, and skipped trades around it.
Capture the original claim, check a primary source, and map it to a settlement rule before a fast timeline becomes a trading thesis.
Useful formulas still depend on inputs you can defend.
Separate convenience claims from performance evidence before connecting a wallet.
A copy ratio is only one part of matching another trader's exposure.