best type of orders?

Discussion in 'Options' started by Baozi, Dec 18, 2019.

  1. schizo

    schizo

    Even when the market is moving fast, you need only enter LIMIT just a tick or two above your desired entry. For example, if your entry was for 3120, then you enter LIMIT for 3120.25 or 3120.50. Here I'm speaking of equity futures, but this would work for stocks as well. BTW do that for STOP LIMIT as well.

    Edit: I suppose what I'm really saying is that you should know when and where to get in and out BEFOREHAND and not have to chase the market.
     
    Last edited: Dec 19, 2019
    #11     Dec 19, 2019
    tommcginnis and murray t turtle like this.
  2. maxinger

    maxinger

    right mister. never quibble over a quarter and miss a move.


    lately, something very wrong with either
    internet service provider,
    my charting software or
    my broker trading platform.
    There have been quite a few cases of bad time lag
    even though market was not that super hot,
    and I missed quite a few good opportunities or got very bad fill.
     
    #12     Dec 19, 2019
    murray t turtle likes this.
  3. d08

    d08

    That might be true for ES or some large futures contract but definitely not for equities or ETFs. I traded VXX, which is quite liquid and the price jumped quite a bit. There might have been a 100-200 share fill at a price but you as the retail rarely were the one to get it. Estimating liquidity and determining entry limits is not that straightforward at all.
     
    #13     Dec 19, 2019
    murray t turtle and Overnight like this.
  4. Arnie

    Arnie

    The best trade is a partial fill :)
     
    #14     Dec 20, 2019
    d08 likes this.
  5. %%
    Great general rule.
    Even a fairly good broker platform [swing/ position/trade/investing] like IBKR; has been known to lag volume- but that was a consistant lag LOL.
    I did miss a move in a good tech trending, 222K +wide bid/ask/volume ETF today ;
    but that thing prints such low volume intra-day; i'm used to QQQ stuff.............
     
    #15     Dec 20, 2019