Limit control refers to a mechanism used to manage the buying and selling of assets at predetermined prices. Traders set specific price limits where they are willing to buy or sell, which helps prevent emotional decision-making and promotes disciplined trading.When placing a buy limit order, an investor specifies a maximum price they’re willing to pay for an asset. The order will only be executed if the market price drops to that level. Conversely, a sell limit order sets a minimum price for selling. This ensures that traders don’t sell for less than their desired price.Limit control can be beneficial in volatile markets, allowing for more strategic planning. However, it also has its downsides, as prices may not reach the specified limits, possibly leading to missed opportunities. Overall, limit control is a useful tool for managing trades effectively and aligning with individual investment strategies.