so you are saying that the bid/ask change too fast, and you can't hit the midpoint. What's the point of using LIMIT if you are too close to the bid/ask? just put a LIMIT that gives you enough depth to reach the price you want.
I use MARKETABLE LIMIT order. Let's say the bid/ask now is 10/10.01 and the stock is going down. I submit an order to sell but since there is a delay, I won't get 10. I will get a worse price since the price is going down and there is a delay in submitting my order
WTF??? that's a MKT order, not a fucking LIMIT order. If you don't put a price in your order, then it get hits at MARKET bid/ask, and you can't have control on that actual bid/ask Jesus Christ, click and learn: https://www.schwab.com/resource-center/insights/content/3-order-types-market-limit-and-stop-orders
A marketable limit order means you get filled at the bid/ask +- an increment. For example, for a sell order with a 0.1 increment, it will hit Bid - 0.1. Meaning if the bid is 10.00. Your limit order will be 9.90
that's not a LIMIT order, maybe you are confusing with a STOP ORDER Remember that the key difference between a limit order and a stop order is that thelimit order will only be filled at the specified limit price or better; whereas, once a stop order triggers at the specified price, it will be filled at the prevailing price in the market—which means that it could be executed at a price...
yes it does. All you have to do is select Limit order and add the increment that you desire. I attached an image so you see. It should be available on all trading platforms
so if you buy, you hit the bid - 0.01 for example and if you sell, you hit the ask +0.01 make sure you don't invert the sign for buy or sell, and 0.01 might be a bit too small IMO
No it is the opposite. If you buy, you lift the Ask + 0.1. If you sell, you hit the Bid-0.1 It is 0.1 not 0.01 and you can use any amount you like