For example, imagine a trader who wants to buy stock in XYZ company, currently trading for $17.00. If the trader sets a limit buy order at $14.50, they will only buy the stock if the share price ...

However, if you put that limit order in while the stock is trading at $101, for example, it would execute at $101, because that's better than the limit you set. But if you put in a stop-limit ...