David is an experienced equity trader managing an active portfolio. He is analyzing the order types available to optimize execution costs and market impact. Recently, he encountered a scenario where he needed to buy shares of Company XYZ, which is experiencing high volatility and low liquidity. David has three order types available: a limit order, a market order, and a stop order.
He is particularly concerned about the best way to enter the trade without significantly affecting the current market price while ensuring a timely execution. Given these considerations, which order type should David choose to balance execution certainty with price control?