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Resting bids above market or offers below market?

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If you put a bid above the market, you are saying you'd like to bid at a higher price than at market.

So market inside bid price is 10 and the offer is 11 but you want bid 15.

The market exists to match buyers and sellers. Seeing as how pretty much every seller at 15 or below would be very happy to fill your limit order at 15, the market very kindly fills you against the best offer available - at 11.

So you are more than welcome to put limit orders above market but you'll get matched with a seller immediately.

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