Competing for fills

Discussion in 'Index Futures' started by Sniemiec, Nov 9, 2007.

  1. I see a few people mention this.

    For example, if you set a limit at the LoD or HoD trying to catch a 'bounce' and your limit is very close to that high/low level, what are the odds of it getting hit and being filled?

    How many of you use limits vs. market orders? Why?