Series 65: Memory Tricks For Orders

Taken from our Series 65 Online Guide

Memory Tricks for Orders

Sell limit orders and buy stop orders are typically placed over the market price. This can be remembered through the mnemonic

• SLOBS: Sell Limit-Over the market-Buy Stop.

Buy limit and sell stop orders are typically placed under the market price. This can be remembered by the mnemonic

• BLUSS: Buy Limit-Under the market-Sell Stop.

+ Read More

More Series 65 Info

What are people saying?

Create an Account

Since you're reading about Series 65: Memory Tricks For Orders, you might also be interested in:

Series 79 - 11.3.2.1. Evaluating First-Round Bids

Series 50 - Enforcement of MSRB Rules

Series 65 - Exercise

Series 99 - 2.1.1.1.3 Orders Based on Time

Series 66 - Equity Funds

Please Enable Javascript
to view this content!

Site Login

Forgot Password?

Create an Account

TESTIMONIALS

What are people saying?

I began the process of studying for the Series 65 in October of 2013. I studied with two other exam prep companies. The result, a 70% each time.

Then, I bought Solomon’s Exam Prep 65. As I did with the other two, I went step by step, and when it said I was ready I sat for the exam! Boom! 80%, passing all four sections at once! So if you’re surfing the internet right now wondering who to go with….STOP….Solomon’s is the right choice for today’s professional to get the licensing you need done the first time, not the third!

Shad Johnson, The Mueller Companies, Canon City, CO

Passed my Series 65 on the first try! Solomon really has everything you need to pass. I followed the recommended schedule and took a ton of practice tests. This gave me a ton of confidence and it paid off!

Andrea Rivera, ForUsAll. Salt Lake City, UT

I used Solomon Exam Prep to take my Series 65 exam and passed it on the first try. The schedule generator is a great tool to stay on track and the practice exams and quizzes were my preferred method of studying and worked great as they provided questions that were very close and helpful in preparing for the real exam. Thank you!

Joseph Waitkevich, Coppertree LLC. Worcester, MA

Passed the 65 with an 80% and the 6 with an 87%. Passed both of them on the first try. I give the credit to Solomon. I've had a lot of my friends try other vendors but they were glad to take my advice and switch to Solomon. This course helps you understand the concepts so you can think out the uniquely crafted questions the actual tests ask. Thanks so much.

Gerald Barnes, Client One, Peoria, AZ

Awesome customer service and material. Will definitely be a returning customer

Michael, MM Financial Planning. New York, NY

At Phillips & Co., my job was to hire entry level applicants who could successfully pass the Series 65 and Series 7 examinations in three months and do it the FIRST TIME. After trying Kaplan/Dearborn, STC, and even the Series 7 for Dummies, 85% of our applicants were still having a hard time passing.

One day while expressing my frustration to a colleague, he recommended I look up First Books' Exam Prep. I could tell immediately that this was a unique approach worth the investment. Since we implemented Exam Prep with new recruits our pass rate shot up to well over 90%.

If you or your employees want to pass your exam the first time without falling asleep while studying, I highly recommend you give their training program a try!

Kary Youman, Phillips & Co. Portland, Oregon

Types of Orders	Characteristics
Market Orders	• Filled immediately at the best available price • Always filled
Limit Orders	• Filled at a specific price or better • Used when not ready to buy or sell at the market price • Buy limits placed below market price • Sell limits placed above market price • Not always filled
Stop Orders (Stop-Loss Orders)	• Turns into a market order when a trigger price is hit • Buy stops are used to protect short sale gains • Buy stops placed above market price • Sell stops are used to protect long sale gains • Sell stops placed below market price • Always filled
Stop-Limit Orders	• Turns into a limit order when a trigger price is hit • Two important prices, trigger price and limit price • Buy st