I do both...When I am online I will drop till I fill, or I will drop till I am the only one sitting there at my price, waiting for a fill, even if it's for days or weeks at that price. Many times I will come back 1 minute, 20 minutes, an hour, or a day later and submit another price. I don't live to trade... I know people jump me, I get it. I do both active and passive. I don't use a computer (except for trades). No special hardware or software (except my own research and Yahoo! Finance). I go with industry leaders for trading (Schwab/Fidelity)...Not Flybynight Brokerage.com. 24 hour customer service...Schwab had 7.13 trillion dollars (assets under management as of August 2022). They and Fidelity are doing it right. I reward them with my business (Also own some Schwab shares). Do I like everything they do...NO! But, I sleep well at night. Just wish they would tweak their routing a bit. I believe the SEC will step in and do that for them in the next few weeks/months.
@Cabin111, you are doing something wrong in life: you are helping forming monopolies by supporting the strongest company. A better way is to support the weak one against the strong one, so to help that there is a true competition, which in the end benefits the customer... Think about it...
I do that already...I pay my taxes!! Think about it... Yeah, in the 1980's I bought; Amazon, Apple, Facebook, Microsoft, Google... Pogo: we have met the enemy and he is us
So... what you're basically saying is, you could have avoided all the hoopla by just letting it rest at your broker and having them work the trade?
That is fine when stocks/options are going up. If they stay the same or go down, it becomes a different story. Many times like trying to catch a falling knife...
Videos like that, while meant to be a parody of real life and be funny, make me sad. Because it's TRUE! KIDS ARE LIKE THAT NOW!