Bolt of Jamaica won in the Men's 100m final at the World Athletics Championships Beijing 2015 Sunday with a time of 9.79 seconds.
In Market Order the order is executed as you place the order and the stocks are brought or sold at the market price.So if you place the order when the stock is trading at 1025, your order will be executed and you will get almost the same price. Limit Oder VS Market Order.
So if XYZ is trading at $20.50, and there are two stop market orders at $20.00, if price comes down and triggers those stops, the one that was placed first will get filled before the other one. However, this all changes if there are stop limit orders at that price. Stop limit orders at the same price as a stop market order will get priority to be filled even if it was placed AFTER the stop market order. In fact, stop limit orders BELOW the price of stop market order can still get priority.